Accounting 1

BCIT

Curriculum

Course Title: Accounting 1

Department: BCIT

Units of Study:

Accounting for a Service Business

• Starting a Proprietorship: Changes that Affect the Accounting Equation

• Analyzing Transactions into Debit and Credit Parts

• Journalizing Transactions

• Posting to a General Ledger

• Cash Control Systems

• Worksheet and Adjusting Entries

• Financial Statements for a Proprietorship

• Closing Entries and Post-Closing Trial Balance

Accounting for a Merchandising Business Organized as a Corporation

• Accounting for Purchases and Cash Payments

• Accounting for Sales and Cash Receipts

• Accounting for Transactions Using a General Journal

• Preparing Payroll Records

• Accounting for Payroll and Payroll Taxes

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Curriculum-Based Assessments:

Standardized Assessments:

Description of Course:

Accounting 1 provides entry-level job skills and preparation for collegiate study in the field of accounting and/or business. Students receive hands-on experience learning the basic tasks involved with the accounting cycle. Learning these tasks allow students to demonstrate the ability to prepare journals, ledgers, and financial statements for two types of businesses: service and merchandising. Students will learn how to analyze and interpret basic financial information. Students will also explore career path options that utilize accounting skills.