FINANCIAL ACCOUNTING I 60 HRS

Program Details Program Code:
School: Macmillian Institute of Applied Health Sciences
Credential:Ontario College Certificate
Program Type:
Program Length:
Location: College Campus/Online
Email: macmillianinstitute@gmail.com
Telephone:647-219-4887


Financial Accounting introduces students to the essentials of double entry bookkeeping. Students will learn how to record transactions under varying scenarios. They will learn about recording different transactions in appropriate books of accounts, accounting terminology, chart of accounts, accounting cycle, GAAP, different reports-Trial Balance, Balance Sheet, income statement, inventory control and methods of inventory control and valuation etc.

PRE-REQUISITES: Computer Fundamentals

COURSE OUTLINE

  • Accounting Transactions and Financial Statements
  • Analyzing, Recording Transactions and Adjusting Accounts
  • Accounting for Merchandising Activities
  • Merchandise Inventory and Cost of Sales, Internal Control and Cash
  • Payroll Liabilities

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