ACCOUNTING, GENERAL (ABA)
Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather
adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.
• Describe the basic accounting cycle and define the basic elements used such as asset, liability, owner’s equity, revenue, and expense accounts
and posting debits and credits
• Post to the general journal and general ledger, and prepare adjusting entries
• List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements and the statement of owner’s equity
• Prepare a classified income statement and balance sheet, compute working