Course Length: 16 weeks
General Accounting provides a complete foundation in basic accounting procedures. This course presents the fundamentals of accounting in a practical, up-to-date, and easy-to-comprehend manner. The goal is to provide students with a strong basic knowledge of accounting terms, concepts, and procedures. Emphasis is placed on developing a firm foundation of fundamental procedures with appropriate repetition of content through the use of examples and color-coded illustrations.
Bank personnel with little or no accounting background at any level and individuals needing a preparatory course for Financial Accounting.
After successfully completing this program, you will be able to:
- Understand the basic accounting cycle for a sole proprietor with a service or merchandising business and define the basic elements used, such as asset, liability, owner's equity, revenue, and expense accounts
- List the steps in the accounting cycle; prepare regular, adjusting and closing entries, a post-closing trial balance, and interim statements
- Understand and perform functions relative to bank accounts and cash funds
- Understand the implications of dealing with employee earnings and deductions, and with employee/employer taxes, payments, and reports
- Prepare a classified income statement and balance sheet, and compute working capital and current ratio
$600 - Member
$775 - Non-member
Students must register 1 week prior to the start of the course.