College Accounting 1

Program Description & HIGHLIGHTS

This course offers solid & comprehensive exposure to accounting concepts and principles.  It establishes a foundation of accounting procedures within the traditional framework of a proprietorship accounting cycle, then builds on the framework as it examines additional methods of accounting for asset, liability and equity accounts.

Learning Objectives

The course will provide a breadth of competences.  The specific aims of the course is to:

  • Understand Accounting Principles and Functions
  • Identify groups of Accounts
  • Understand Assets, Liabilities, and Owner’s Equity 
  • Learn sub divisions of Owner’s Equity Accounts 
  • Comprehend the Rules of Debit and Credit
  • Analyze transactions
  • Record Transactions in a General Journal 
  • Post Transactions into the Ledger
  • Comprehend the use of Ledgers
  • Create Trial Balance
  • Locate Common Errors
  • Prepare a Worksheet
  • Prepare Financial statements
  • Prepare Income Statement, Statement of Owner’s Equity, and Balance Sheet
  • Complete The Accounting Cycle
  • Make Adjusting Entries
  • Prepare Closing Entries
  • Prepare Post-Closing Trial Balance
  • Work with special journals

Admissions Requirement

Minimum 18 years of age.

OFFERED CAMPUS

Offered at both Kelowna and Surrey campus.

FEES

Contact Focus College for pricing.

PROGRAM LENGTH

50 hours of classroom instruction plus exercises and project.

  • Computer with Microsoft Word is required for this course.
  • Textbook needs to be purchased by student.
  • Course textbook is:

College Accounting: A Practical Approach, Thirteenth Canadian Edition Plus MyLab Accounting with Pearson eText — Access Card Package, 13/E

Jeffrey Slater, North Shore Community College

Debra Good, Conestoga College

ISBN-10: 0134654765 • ISBN-13: 9780134654768

Publisher: Pearson Education Canada

 

 
  • On campus delivery.
  • Students are required to maintain 80% attendance throughout the program.
  • Approximately 2 hours of self study time is required for this course.
  • In order to graduate, students must pass all units through the program with a grade of C or higher.
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