This course introduces basic accounting principles and practices for service and/or merchandising types of businesses. Areas include accounting as an information system, the accounting cycle, financial statements, internal control, current and/or long-term assets, current liabilities, and payroll. Special emphasis will be placed upon the practical application of accounting principles.
- Define accounting.
- Complete the accounting cycle with emphasis on practical application of accounting principles.
- Describe ethical issues and violations in accounting and/or business.
- Analyze, record, report, and interpret business activities of a service and/or merchandising organization using current accounting and ethical standards.
- Describe employer payroll reporting and payment responsibilities.