ACCT 1010 - Introduction to Accounting

1. Introduction to the discipline
2. Analyzing financial transactions
3. Examining financial impact of transactions on the accounting equation
4. Journalizing and posting to ledger accounts
5. The trial balance
6. End of period adjustments
7. The 10-column worksheet
8. Preparing basic financial statements - income statement
   1. owners equity statement
   2. balance sheet
   3. statement of cash flows
9. Closing the books
10. Cash Controls
11. Bank reconciliations
12. Petty cash
13. Cash short/over
14. Calculating and recording payroll data
15. Calculating and recording payroll tax expense and deposits
16. Cash, credit card and credit sales
17. Specialized journals–cash payments, cash receipts, sales and purchases
18. Invoices
19. Cash and trade discounts
20. Cost of goods sold and gross profit
21. Preparing expanded financial statements
22. Basic financial analysis
23. Bad debts/allowance for bad debts
24. Merchandise inventory valuation methods
25. Methods of determining depreciation
26. Disposal of fixed assets
27. Corporate structure
28. Stock transactions
29. Corporate earnings and distributions (dividends)

1. classify account types.
2. apply inventory valuation methods.
3. analyze financial transactions.
4. record financial transactions.
5. account for cash/petty cash.
6. account for service companies.
7. account for merchandise companies.
8. prepare year-end accrual accounting activities.
9. prepare expanded financial statements.
10. account for payroll activity.
11. calculate and record interest on cost of goods sold.
12. perform basic financial statement analysis.
13. account for corporate equity.

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