Accounting Basics

Course Number: Self-Study

Course Code: BAN 1002

The Accounting Basics course provides a complete foundation in basic accounting procedures for students who have minimal or no college accounting or business background, need a refresher course on accounting fundamentals, or need to prepare for further accounting study.  Bank and Credit Union employees at all levels are encouraged to take this course if they have not already taken a college level Accounting course.  This course is a recommended prerequisite to the Accounting course.

Covered Topics Include:

  • Starting a Proprietorship: Changes That Affect the Accounting Equation
  • Analyzing Transactions into Debit and Credit Parts
  • Journalizing Transactions
  • Posting to a General Ledger
  • Cash Control Systems
  • Creating and Planning Work Sheet for a Service Business
  • Financial Statements for a Proprietorship
  • Recording Adjusting and Closing Entries for a Service Business
  • Journalizing Purchases and Cash Payments
  • Journalizing Sales and Cash Receipts Using Special Journals
  • Posting to General and Subsidiary Ledgers
  • Preparing Payroll Records
  • Payroll Accounting, Taxes and Reports
  • Distributing Dividends and Preparing a Work Sheet for a Merchandising Business
  • Financial Statements for a Corporation
  • Recording Adjusting and Closing Entries for a Corporation

Audience: Students with little or no accounting background at any level

Prerequisites: n/a

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Member Price: $695.00
Non-Member Price: $795.00
Textbook Charge: $0.00

Credits: 3


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