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Accounting Fundamentals I

Course number : 5050002   
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COURSE OBJECTIVES: This is a non-computerized course. They will learn to prepare financial statements for service type businesses, prepare adjusting journal entries, post and close the general ledger, prepare bank reconciliations and be introduced to some of the GAAP principles and practices of accounting.
PREREQUISITES: Bookkeeping
COURSE COMPLETION: Students final mark for this course will based on 60% in-class open book and closed book assignments and 40% quiz.
MATERIALS REQUIRED: Calculator (the use of cell phones are not permitted in this class), pencil, eraser and  Borrowed Textbook: Accounting Volume One, Canadian Tenth Edition by Horngren, Harrison, Oliver, Norwood & Johnston.
 
TOPICS
 
 
Session 1 – Chapter 3
  • Accrual-Basis versus Cash-Basis Accounting
  • GAAP Principles of Revenue & Expense recognition
  • Adjusting the Accounts
  • Journalize and post adjusting entries
 
Session 2 – Chapter 3
  • Cont Chapter 3
 
Session 3– Chapter 3
  • Cont Chapter 3
 
Session 4 – Chapter 3
  • Cont Chapter 3
Session 5 –Chapter 4
  • Journalize and post the closing entries
Session 6 – Chapter 4
  • Classifying assets + liabilities
  • The Classified balance sheet
 
Session 7 - Chapter 4
  • Current Ratio
  • Debt Ratio
  • Interpreting Ratios
 
Session 8 - Chapter 8
  • Preparation of Bank Reconciliations and related journal entries
  • Sarbanes-Oxley Act
     
Session 9 – Chapter 8
  • Cont Chapter 8
Session 10 - Quiz
  • In-class quiz Chapters 3,4 & 8
 
  • Prepare the Post Closing trial balance
  • Completing the Accounting Cycle
 

Class Details

9 Sessions
Weekly - Tue, Wed, Thu, Fri, Mon

Location
Montgomery Centre

Instructor
Deborah MacIntyre 

Tuition: 

$379.00


Schedule Information

Date(s) Class Days Times Location Instructor(s) Instructional Method
11/12/2019 - 11/22/2019 Weekly - Mon, Tue, Wed, Thu, Fri 9:00 AM - 12:00 PM Coquitlam, Montgomery Centre  Map Deborah MacIntyre  ClassRoom

Other Class Offerings

Accounting Fundamentals I
ID: 384

05/21/19 - 05/31/19
Weekly - Tue, Wed, Thu, Fri, Mon
9 sessions.

Location
Montgomery Centre

Instructor
Deborah MacIntyre