This module provides students with a general background about the fundamentals of accounting so they understand the daily transaction procedures in a business.
Students are introduced to double entry bookkeeping including debits and credits, assets, liabilities, equities, journalizing transactions, posting of accounts to ledgers and preparing a trial balance. Students are also introduced to financial statements and to adjusting and closing accounts.
Accounting – Level 2
Students focus on these topics: special journal and ledger systems, cash control and banking, cost allocation, financial statements and accounting for partnerships.
By the end of this course, students have an in depth knowledge of the complete accounting cycle including the flow of funds in an organization and key approaches to financial decision making.
In this module, students continue to build their knowledge and skills in computerized accounting systems learning QuickBooks, easy to use and powerful system. Students learn to set up a new QuickBooks company and manage customer accounts.
Students also review and consolidate their understanding of Excel and Word by exporting QuickBooks data into these programs. QuickBooks payroll features are also covered.
Simply Accounting (Sage 50)
Students transfer their knowledge from Accounting Fundamentals and learn how to apply these concepts in a computerized environment using Simply Accounting.
Some topics covered in this module include setting up a computerized accounting system, computerized journals and ledgers, income statements and balance sheets, as well as customer accounts.