Module 1 - Accounting - Merchandising Transactions

• Merchandising Transactions
• Gross Selling Price
• Returns and Allowances
• Cost of Goods Sold
• Classified Income Statement

Module 2 - Measuring and Reporting Inventory

• Merchandise Inventory
• Determining Inventory Costs
• Four Inventory Costing Methods
• Pro’s and Con’s of the Four Costing Methods
• Journal Entries for the Peretual Inventory Procedure
• Departures from Cost Basis for Inventory Measurement

Module 3 - Accounting - Control and Monitoring of Cash Assessment

• Control of Cash
• Internal Contols
• Controling Cash
• The Bank Checking Account
• Bank Reconcilliation
• Petty Cash Fund

Module 4 - Accounting - Receivables and Payables

• Accounts Receivable
• Uncollectable Accounts
• Write-offs and Recoveries
• Current Liabilities
• Notes Receivable and Note Payable
• Short Term Financing through Notes Payable

Module 5 - Adjustments for Financial Reporting

• Cash versus Accrual Basis Accounting
• Classes and Types of Adjusting Entries
• Adjustments for Deferred Items - Expenses
• Adjustments for Deferred Items - Depreciation
• Adjustments for Accrued Items

Module 6 - Accounting and Its Use in Business Decisions

• The Accounting Environment
• Accounting Defined
• Overview of Accounting
• Financial Statements of Business Organizations
• The Financial Accounting Process
• How Transactions Affect Income Statements and Balance Sheets
• Dividends and Equity Ratios
• Corporate versus Sole Proprietorship or Partnership Accounting