This intermediate course is designed for those persons who have completed the Institute’s ACCOUNTS (BASIC) course or its equivalent and have mastered the mechanics of making book-keeping entries. This course reviews basic accounting principles and takes a more in depth look at the accounting theory and practice.
Students will also examine the accounting issues associated with assets, liabilities and earnings.
Topics covered include:
- Overview of Accounting
- Preparation of Financial Statements for Service and Retail Operations
- Inventory Valuation
- Accounting for Cash
- Accounting for Accounts Receivable
- Fixed Assets and Depreciation
- Manufacturing Accounts
- Partnership Accounts
- Accounting for Liabilities
- Incomplete Records
PREREQUISITE: Accounts (Basic), or equivalent.