Description
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
