Financial Accounting - 1/15/18

The Financial Accounting course covers accounting terminology; the recording and classifying of financial transactions, including analyzing, journalizing, and posting; the preparation of the trial balance, work sheet and financial statements; a familiarization with handling of adjustments, bad debts, inventory and depreciation; and matters concerning sole proprietorship and partnership.  Course objectives:  describe content and purposes of balance sheet and income statement; compare the basic characteristics of the accrual basis with the cash basis of accounting; explain the full accounting cycle and prepare all required journals, entries, and adjustments; outline the necessity for and features of internal control; identify the basic assumptions, principles, and modifying conventions of accounting; describe how inflation affects information presented in conventional financial statements; define partnerships and their characteristics.

Textbook chapter topics include:

  • Accounting
  • Basic Financial Statements
  • The Accounting Cycle: Capturing Economic Events
  • The Accounting Cycle: Accruals and Deferrals
  • The Accounting Cycle: Reporting Financial Results
  • Merchandising Activities
  • Financial Assets
  • Inventories and the Cost of Goods Sold

Audience: Appropriate for students who need a working knowledge of accounting. Students should expect 6-8 hours of homework each week.

CFT strongly RECOMMENDS that students complete either an Accounting Basics or an Accounting Fundamentals course prior to taking the Accounting course.

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Course / Seminar Type: Instructor-Led Online
Course / Seminar Category: General Banking
Course / Seminar Code: 1000 OL
Course / Seminar Start Date: 01/15/2018
Course / Seminar Price: $595
Course / Seminar Location:

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