Business Accounting:

Accounting system
Fundamentals of accounting
Business activities

Accounting for assets
Introduction to assets
Current assets
Noncurrent assets

Accounting for inventory
Fundamentals of an inventory system
Inventory management

Accounting for liabilities
Current liabilities
Long-term liabilities

Time value of money
Time value of money overview
Interest rates and maturity dates
Value of annuities
Value of bonds

Stockholders? equity
Fundamentals of stock
Stockholders? equity
Ratio analysis

After completing this course, students will know how to:

Identify the role of various accounting institutions, define an accounting period, and relate the accounting system to various business activities.
Identify asset types, the accounting equation, and the methods of accounting for current and noncurrent assets.
Identify various types of inventory costs, manage inventory by applying inventory costing and valuation methods, and calculate the inventory turnover ratio.
Account for the various types of current and long-term liabilities.
Calculate the present and future values of cash flows, ordinary annuities, annuities due, and bonds; calculate the interest rate and maturity date of a security by using the time value of money equation.
Identify the types of stocks, stockholders? equity, and various types of financial ratios; calculate a stock?s book value and market value per share.

Prerequisites

None