Hands-on practice provides experience with implementation, data entry, and report generation. System selection factors, implementation planning, acquisition, and evaluation are included. In addition, practice will be required in accounting analysis and report-writing using spreadsheet software and database manipulation. A practice set, designed to develop and test proficiency in record keeping for the accounting cycle, will be utilized. An examination of the conceptual framework, the primary financial statements, and the methods and rationale for recording and reporting assets.
Emphasis is on the effect of present and potential economic events on the financial statements.
The course discusses the advantages, limitations and deficiencies associated with generally accepted principles in connection with presenting decision useful information. An examination of the methods and rationale for recording liabilities and owners' equity. The course also examines the statement of cash flows. Emphasis is on the effect of present and potential economic events on the primary financial statements. The course discusses the advantages, limitations, and deficiences associated with generally accepted principles in connection with presenting decision-useful information.