Accounting Fundamentals

Overview

Basic accounting is vital to the sustainability for any organization, no matter the size. Understanding how to properly track income, expenses, assets, and liabilities, provide the foundation for interpreting and creating financial statements. This program is ideal for those who seek formal training in bookkeeping and junior accountant roles, but may have little-to-no experience. Students will apply theoretical concepts learned in QuickBooks, a widely used accounting software package, including: creating a Chart of Accounts, recording customer and vendor transactions, processing payroll, and creating reports. Setting up a new company is also covered.

 

Course Clock Hours Course Name

ACC160C

50

Principles of Accounting I

ACC161C

50

Principles of Accounting II

ACC102

50

Accounting with QuickBooks

150 Total Clock Hours
Evenings, Program Length 28 weeks

 

Principles of Accounting I / 50 clock hours

This course will provide students with a thorough introduction to fundamental accounting concepts and procedures and includes double-entry accounting, journal entries, the accounting cycle and financial statements according to GAAP. The sole proprietorship business form is emphasized. Students will learn about accounting for buying and selling transactions, as well as how to prepare financial statements. Working with cash and internal controls are emphasized and accounts receivables and the appropriate journal entries are defined. Inventories, the required entries and the affects they have on a business are examined in detail. Upon successful completion of this course, students will be able to demonstrate the steps of the accounting cycle including analyzing business transactions, journalizing and posting transactions, the trial balance and the preparation of the financial statements.
Prerequisite: None

 

Principles of Accounting II / 50 clock hours

This course introduces students to additional Generally Accepted Accounting Procedures (GAAP) for sole proprietorships, partnerships and corporations. Students will learn how to calculate depreciation, account for interest income and expense, partnerships and corporations, bond and equity transactions, calculate cash flows, and analyze financial information. Upon successful course completion, students will be able to apply GAAP to sole proprietorships, partnerships, and corporations.
Prerequisite: None

 

Accounting with QuickBooks / 50 clock hours

This course covers small business accounting using QuickBooks software. Topics include creating a Chart of Accounts, recording customer and vendor transactions, processing payroll, and creating reports. In addition, setting up a new company is covered.
Prerequisite: None