Accounting 1

The basic concepts and procedures associated with recording, managing, and interpreting accounting transactions. This course imparts the step-by-step techniques used in the entire accounting cycle, and emphasizes real-world applications through hands-on practice using accounting working papers. Elective for both

This High School Course is also offered as part of the College Prep Correspondence Diploma program and the General Correspondence Diploma program.

Credits: 1 Unit

Course ID: BU18

Course Area: Business

Course Type: College Prep, General

Study Method: Correspondence

Key Topics:
Accounting careers; the language of business; transactions that affect owner's investment, cash, credit, revenue, expenses, withdrawals, assets, liabilities, owner's equity, and revenue; recording transactions in a general journal; posting journal entries to general ledger accounts; the six-column work sheet; financial statements for a sole proprietorship; cash control and banking; payroll accounting; accounting for sales, cash receipts, purchases, and cash payments; special journals; adjustments and the ten-column work sheet; accounting for corporations and partnerships; uncollectible accounts receivable; inventories; notes payable and receivable.

Text:
Glencoe Accounting Real-World Applications & Connections, [textbook and workbook] Glencoe/McGraw-Hill