Students use columnar journals, posting, subsidiary ledgers, and worksheets to complete the accounting cycle and prepare financial statements.
Emphasis is on the balance sheet and income statement.
Use of a computerized practice set is also required. Lake Superior College converted to semesters starting with the 1998-99 academic school year. All credits are semester-based. To convert semester credits into quarter credits, multiply the semester credits by 1.5. This course is 3 semester credits.