Regardless of the type or size of business or organization you are working with, accounting is where finances are managed and information is generated to support sound business operating decisions.
Through taking this course, you will gain knowledge of Generally Accepted Accounting Principles (GAAP)*, the accounting cycle, and different ways to structure a business. Before you know it, you'll be able to identify the differences between Inc., LLC, sole proprietorship, and more.
We will learn about the accounting cycle by going through the simulated accounting cycle for a service business. Students will learn about account structure and preparing basic financial reports.
This course offers dual credit through Nicolet College. Students will be given the opportunity to enroll to earn 2 credits in Nicolet's Accounting Principles: Accounting Cycle.
This course addresses several requirements within each of the following content areas of the Wisconsin Department of Public Instruction Business and Information Technology Standards:
Accounting and Finance; Business Calculations; Business Communications; Business Law and Ethics; Entrepreneurship; Global Business; Management; Career Development; Creativity, Critical Thinking, Communication, and Collaboration; Environment, Health, and Safety; Global and Cultural Awareness; Information, Media, and Technology Skills; Leadership.
For more details visit WI DPI Business & Information Technology Standards Guide.
Course content is also guided by the National Business Education Standards as presented by the National Business Educators Association.