Course Description: This course prepares the learner to analyze, record, summarize and interpret accounting information. This course focuses on business transactions, financial statements, merchandising business transactions, special journals, internal controls, receivables and plant assets. The learner will prepare accounting transactions for a practice set, including month-end transactions and preparation of the financial statements.
Course Level Learning Objectives – Competencies
To access daily lessons, assignments and materials, login to Google Classroom.
https://classroom.google.com/
Class Code: o5j4sps
- Students will classify business transactions in terms of the accounting equation.
- Students will analyze business transactions using debits and credit rules.
- Students will prepare adjusting journal entries.
- Students will prepare closing journal entries for service business.
- Students will complete the accounting cycle for merchandising business.
- Students will calculate inventory cost using different costing methods.
- Students will analyze internal controls related to the flow of cash.
- Students will calculate allowance for doubtful accounts for accounts receivable adjusting entries.
- Students will compute depreciation and depletion costs for fixed and intangible assets.
- Students will determine current liabilities and costs for payroll processing.
- Students will prepare financial statements.
To access daily lessons, assignments and materials, login to Google Classroom.
https://classroom.google.com/
Class Code: o5j4sps
