Accounting Systems 40S (ACSYS40S)
Students will build and expand upon accounting principles and concepts introduced in Accounting Essentials 30S. Students will learn how businesses plan for and evaluate their operating, financing and investing decisions and then how accounting systems gather and provide data to internal and external decisions makers. The creation and maintenance of computer accounting records utilizing Excel and accounting software are an integral part of this course. Problem solving skills using business-oriented methods, business ethics, communication and technology are incorporated throughout the course. Topics include an introduction to corporate accounting, accounting information systems, accounting for merchandising firms, sales and receivables, fixed assets, debt and equity. Other topics include statement of cash flows, and financial ratios. Students will get an idea of what’s involved in the more senior management roles within a business environment and a good knowledge base for taking accounting courses at the postsecondary level. (Prerequisite Accounting 30S)
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