Calendar - Accounting Courses Accounting Prerequisites are in place to help students succeed in their Accounting classes. If prerequisites are not met, special permission will very rarely be granted to take an Accounting course. This course will introduce the student to the theory and practice of recording and reporting of financial events for service and merchandising enterprises for the purpose of preparing financial statements. Topics include the accounting cycle, cash and receivables, inventory valuation and accounting for and amortization of capital assets. This course will introduce the student to the concepts and practices of computerized accounting.
Work load is extremely heavy.
This course builds on the foundation of accounting techniques and theory covered in Accounting 110 and 210 or Accounting 235. The focus will be an in-depth study of assets and revenues. Topics will include current assets, capital assets, and investments. Additional topics will include the conceptual framework for financial reporting, the measurement of revenue, the correction of errors, and the accounting for changes in accounting policies and estimates. Selected sections of the CICA Handbook will be covered in-depth.