Accounting I

The course has as main target to learn students about: • Accounting policies, accounting equity, accounting books and records, the balance sheet, fixed assets, stocks, bonds, cash, Accruals, prepayments, monitoring of changes in assets using the double entry method. Concept of accounting. Inventory, calendar, Analysis of the codes of accounts. Income statement, closing entries. Payroll.

Objectives

Upon successful completion of this course, the student should: 1. Has realized the integrated methodological framework utilizing accounting information through a detailed theoretical and practical examination of issues 2. prepares financial statements to be used for better planning, control and decision making process for the optimal use of resources of an economic unit. 3. Presentation of the principles of accounting, inventory, balance sheet accounts, costs and revenues, calendars ledger and analytical Catholics, income, and finally, through the exercise of the balance sheet.

Prerequisites

They do not exist.

Syllabus

Introduction - Accounting. - Business. - Discrimination of Business. - Financial statements. - Fixed. - Current. - The summary balance sheet structure. - Accruals asset. - Liabilities. - Equity. - Reserves. - Provisions for risks and expenses. - Accruals and liabilities. - Patterns balance sheets. Accounting Principles. - Census. - Difference between inventory and balance sheet. - Inventory example. - Census. - General rule entries. - General ledger. Accounting Principles. - Expenses / income. - Inorganic and Organic Expenses / Income. - VALUE ADDED TAX. - Status of the Statement. - The structure of E.GLS. - Features an account. - Distinction of Fixed Assets. - Tangible assets. Case studies. - Exercises act. Case studies. - Exercises act.