Introduction to generally accepted accounting principles and their application in sole proprietorships.
Emphasis is on understanding basic accounting concepts and financial reporting.
Introduction to generally accepted accounting principles and financial reporting for corporations. A study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. A study of accounting for merchandising, notes payable, notes receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment. Introduction to utilizing the computer in maintaining accounting records, making management decisions, and processing common business applications with primary emphasis on a general ledger package.