This course concentrates on accounting for merchandise operations, proprietorships, partnerships, negotiable instruments, specialized books of original entry, and the voucher system, including emphasis on the financial aspects of accounting. (3 lecture and 1 laboratory hours per week). [ CB5203015104]

3 hours Introduces terminology, concepts and procedures used in financial accounting for sole proprietorships. The accounting cycle, including activities requiring students to analyze, record, and summarize data involved in preparation of financial statements, is covered. Other activities build on the accounting cycle as other topics - internal control, cash, payroll, receivables, payables, inventories, long-term assets and financial reporting issues - are studied. Learning activities are designed to allow students to apply acquired knowledge to exercises and problems. Manual and computer applications allow students to integrate factual learning into problem-solving situations. (SCANS 1, 3, 4, 6, 8, 9) Prerequisites: Pass TASP/THEA English, reading and mathematics.