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Course Overview


In this introductory course to Accounting, students will practice planning, recording, analyzing, and interpreting financial information for service and merchandising businesses organized as sole proprietors, partnerships and corporations. Using the text, accounting concepts are introduced utilizing modern businesses with owners that students can relate to in each cycle.


Numerous accounting concepts will be introduced including: account classifications, debits, credits, T-accounts, general ledger forms, balance sheet, recording transactions in various journals, accounts payable, accounts receivable, preparing and maintaining accurate payroll records, preparing worksheets and end-of-year financial reports such as the owner’s equity statement, income statement, and distribution of net income. Students will practice journalizing and posting adjusting and closing entries as well as preparing a post closing trial balance.


In addition to accounting concepts, students will strengthen their ability to pay attention to details, solve problems and interpret data.