ACC 007 - ACCOUNTING/BOOKKEEPING II

XX Continuing Education Units (CEU). This course is not for Credit(s).

Course Objectives:
This course is designed to enable the student to learn additional accounting/bookkeeping principles following the Accounting/Bookkeeping I course. Topics to be covered include the accounting equation, trial balances, financial reports, cash flow, retained earnings, bank reconciliation, and depreciation.

Upon completion of this course the student will be able to:
1. prepare closing entries,
2. prepare a basic set of financial statements,
3. identify the components of the statement of cash flow,
4. prepare and record closing entries,
5. prepare a Post Close trial balance,
6. analyze financial ratios,
7. identify the principles and components of accounting information systems,
8. prepare a bank reconciliation, and 9.
journalize basic payroll entries.