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.
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
Minimum 18 years of age.
Offered at both Kelowna and Surrey campus.
Contact Focus College for pricing.
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.