The focus is on the proper recording of receivables, collection of receivables and writing off of receivables. Additional materials cover notes receivable. This course enables students to understand the various costing methods used for inventory. Emphasis is placed on perpetual inventory accounting procedures. This enables the student to understand the cost of long-lived assets.
Emphasis is placed on the different depreciation methods and the disposal of assets.
A course for potential accounting majors including career orientation and planning, determination and development of math and communication skill levels, and exposure to effective methods of learning. Students will be introduced to the nature, function, and environment of accounting, and will develop skill on 10-key adding machines. This course enables students to understand current liabilities such as accounts payable and notes payable and also provides an overview of payroll accounting. This course teaches students the job order costing methods used by manufacturing and service organizations. Topics include materials, labor, overhead and the accounts and methods used to record typical transactions.