Course Objectives:

1.  Accounting Basics
   • Define accounting and the concepts underlying accounting measurements
   • Summarize the double entry accounting method
   • Describe the fundamental  concepts of the accounting cycle
   • Summarize accounting principles
2. Accounting for Assets and Sales Transactions
   • Summarize assets and sale transactions
   • Describe the importance of merchandise inventory
   • Define depreciation concepts and terminology
   • Describe the effect of asset and sales transactions on the accounting equation
3. Accounting for Liabilities, Equity, and Purchase Transactions
   • Summarize liabilities and purchase transactions
   • Describe basic payroll transactions
   • Compare and contrast different types of equity
   • Describe the effect of liability, equity, and purchase transactions on the accounting equation
4. Reconciliation and Financial Statements
   • Describe the purpose and process of account reconciliation
   • Describe the process of bank reconciliation
   • Describe basic financial statement analytical methods