ACCOUNTING PRINCIPLE (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to:

1. Explain the accounting concepts and principles as a basis in the preparation of financial statements, and the stages in the accounting cycle;
2. Identify the differences between service and merchandising companies, and also identify the steps in the accounting cycle for merchandising company;
3. Analyze the company’s financial condition by using the information in cash flow statement;
4. Analyze the information stated in the Financial Statement.

Topics:

1. Accounting in Action;
2. The Recording Process;
3. Adjusting the Accounts;
4. Completing the Accounting Cycle;
5. Accounting for Merchandising Operation;
6. Statement of Cash Flows;
7. Financial Statement Analysis.