Home Faculty Courses School To Career Links Contact

      

College Accounting

 Duration:  1 Year

Basic Accounting Concepts- Service Business               

bullet Purpose of ature of Accounting
bullet Account classifications
bullet Fundamental accounting equation
bullet Use of the expanded accounting equation
bullet Basic financial statements 

The Accounting Cycle 

bullet Recording journal entries
bullet Posting to ledger accounts (t-accounts)
bullet Trial balance preparation

Preparation of Formal Financial Statements and the Completion of the Accounting Cycle – Service Business

bullet Preparation of 10-column worksheet
bullet Preparation of Income Statement
bullet Preparation of Balance Sheet
bullet Preparation of Statement of Owner’s Equity
bullet Adjusting and closing entries
bullet Post-closing trial balance

Banking, Petty Cash, and Payroll Systems 

bullet Bank statement reconciliation
bullet Accounting treatment of banking adjustments
bullet Operation of petty cash systems
bullet Accounting for employee earnings
bullet Completion of payroll register

 

Preparations of Formal Financial Statements and the Completion of the Accounting Cycle – Merchandise Business  

bullet Special Journals – Purchase Cycles
bullet Purchases
bullet Cash Payments
bullet General
bullet Accounts Payable
bullet Computer Applications
bullet Special Journals- Sales Cycle
bullet Sales
bullet Cash Receipts
bullet General
bullet Accounts Receivable
bullet Computer Applications
bullet Determining costs of goods sold and gross profit
bullet Preparation of 10-column worksheet
bullet Adjusting entries
bullet Preparation of Income Statements
bullet Preparation of Balance Sheet 
bullet Preparation of Statement of Owner’s Equity
bullet Closing entries
bullet Post-closing trial balance
bullet Introduction to comparative financial statements
bullet Introduction to financial rations

Tests and Assessments

bullet Test will consist of multiple choice, true and false, and short answer at the end of each unit

 

 Final Assessment

 

bullet Students will take a comprehensive final that covers materials learned throughout the tenure of the class

 

*All of the above are taught both manually and on computer*

 

If you have any comments or suggestions regarding our web pages

or their contents, please e-mail bowenr@baldwin.k12.ny.us