Students develop the skills necessary to prepare and analyze the financial statements of a public corporation. Topics include the conceptual framework; accounting standards; the accounting cycle; recording and analyzing transactions; adjusting and closing entries; financial statements; internal control, cash and bank reconciliations; short-term investments and receivables; inventory purchases and sales; inventory costing methods; long-term assets including intangibles; current and long-term liabilities including bonds payable; shareholders' equity including earnings per share; statement of cash flows using the indirect and direct methods; and financial statement analysis. Prerequisite: English Studies 12/ English First Peoples 12 with a minimum of 73% or equivalent Note: Students cannot receive credit for more than one of ACCT 1000, ACCT 1030, ACCT 1210/1211, ACCT 1220/1221, ACCT 2211, BBUS 2210 or BBUS 2211
Students develop the skills necessary to prepare and analyze the financial statements of a public corporation. Topics include the conceptual framework; accounting standards; the accounting cycle; recording and analyzing transactions; adjusting and closing entries; financial statements; internal control, cash and bank reconciliations; short-term investments and receivables; inventory purchases and sales; inventory costing methods; long-term assets including intangibles; current and long-term liabilities including bonds payable; shareholders' equity including earnings per share; statement of cash flows using the indirect and direct methods; and financial statement analysis. Prerequisite: English Studies 12/ English First Peoples 12 with a minimum of 73% or equivalent Note: Students cannot receive credit for more than one of ACCT 1000, ACCT 1030, ACCT 1210/1211, ACCT 1220/1221, ACCT 2211, BBUS 2210 or BBUS 2211
