Financial Accounting I

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Financial Accounting introduces students to the essentials of double entry bookkeeping. Students will learn how to record transactions under varying scenarios. They will learn about recording different transactions in appropriate books of accounts, accounting terminology, chart of accounts, accounting cycle, GAAP, different reports-Trial Balance, Balance Sheet, income statement, inventory control and methods of inventory control and valuation etc.|Accounting Transactions and Financial Statements Analyzing, Recording Transactions and Adjusting Accounts Accounting for Merchandising Activities Merchandise Inventory and Cost of Sales, Internal Control and Cash Payroll Liabilities
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Additional information

Province

Ontario

Colleges

CIMT College

Program Categories

Accounting

Program Duration

60 Hours

Program Intakes
Class Type

Hybrid

Funding

CSAP Funding, Second Career

Financial Accounting introduces students to the essentials of double entry bookkeeping. Students will learn how to record transactions under varying scenarios. They will learn about recording different transactions in appropriate books of accounts, accounting terminology, chart of accounts, accounting cycle, GAAP, different reports-Trial Balance, Balance Sheet, income statement, inventory control and methods of inventory control and valuation etc.|Accounting Transactions and Financial Statements
Analyzing, Recording Transactions and Adjusting Accounts
Accounting for Merchandising Activities
Merchandise Inventory and Cost of Sales, Internal Control and Cash
Payroll Liabilities

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