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Accounting 1 Assignments
This is the first course in a succession of courses managing the practice and profession of bookkeeping and the literature related with it.
Understudies will be acquainted with: the design of accounting information systems (chart and classifications of accounts, accrual or cash systems, measurement and concept selection, continuous or periodic recording); systems of accounting record (the accounting equation, ledgers and accounts, document flows, the double-entry systems, subsidiary ledgers and journals; accounting and internal control); recording merchandising operations (sales, purchases, returns, allowances, receipts, payments, inventory effects); accounting for payables and receivables; inventories; and accounting for non-current assets.
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