Accounting Fundamentals
Credits: 3
Course Number: 10-101-104
Course Description
10-101-105 ACCOUNTING FUNDAMENTALS ...use a survey approach to learn the accounting process and to gain a general knowledge of the accounting principles and financial accounting procedures applied to business budgeting. This course is for non-accountants.
What will I learn?
- Solve common financial word problems using the financial calculator
- Solve lump-sum transactions
- Explore a purchasing system and the use of trade discounts and shipping terms
- Explore accounts receivable system and the use of mark ups and downs and parment discounts
- Demonstrate proper use of accounting journals and ledger
- Perform checkbook record keeping and bank reconciliations
- Solve annuity transactions
- Describe the 4 common types of inventory systems
- Describe the 4 common financial depreciation methods
- Describe various components of financial statements
- Perform vertical and horizontal financial statement analysis
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