Financial Accounting fundamentals University/College Preparation

This course introduces students to the fundamental principles and procedures of accounting. Students will develop financial analysis and decision-making skills that will assist them in future studies and/or career opportunities in business. Students will acquire an understanding of accounting for a service and a merchandising business, computerized accounting, financial analysis, and ethics and current issues in accounting.

Prerequisite: None

Type：University/College Preparation

Credit Value：1.0

Curriculum Policy：

Fundamental Accounting Practices

• describe the discipline of accounting and its importance for business;

• describe the differences among the various forms of business organization;

• demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business.

Advanced Accounting Practices

• demonstrate an understanding of the procedures and principles of the accounting cycle for a merchandising business;

• demonstrate an understanding of the accounting practices for sales tax;

• apply accounting practices in a computerized environment.

Internal Control, Financial Analysis, and Decision Making

• demonstrate an understanding of internal control procedures in the financial management of a business;

• evaluate the financial status of a business by analysing performance measures and financial statements;

• explain how accounting information is used in decision making.

Ethics, Impact of Technology, and Careers

• assess the role of ethics in, and the impact of current issues on, the practice of accounting;

• assess the impact of technology on the accounting functions in business;

• describe professional accounting designations and career opportunities