Complete a manual accounting system using journals (general and special), ledgers (general and subsidiary), and worksheets as appropriate.
Interpret and record business transactions (e.g. corporate, partnership, sole proprietorship), analyze accounts and prepare appropriate entries for accrual basis accounting.
Prepare bank reconciliations and resulting journal entries.
Prepare adjusting and closing entries and completed year-end financial statements.
Identify operating, investing, and financing activities and prepare the statement of cash flows.
Distinguish between cash, modified cash, and accrual accounting, and the journal entries made under each accounting method.
Course Description Applies the complete accounting process and practical problems to expand skills in the performance of accounting functions. Credits: 3