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Course Description:
This course acquaints students with simple business records, which are necessary to chart a company’s business transactions. Automated Accounting is also introduced in this course. Students work with actual business papers and reports by keeping records of small business. Business vocabulary is stressed in this course.
Course Objectives:
Students will:
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Learn the steps of the accounting cycle, prepare financial statements, and use spreadsheets and accounting software.
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Determine assets, liabilities and stockholder’s equity.
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Perform horizontal and vertical analysis.
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Apply revenue realization and matching principles.
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Know the different forms of business ownership and principles of income taxation.
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Discuss and learn issues of business ethics.
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