BT 286 Bookkeeping

This course introduces students to skills needed to become a full-cycle bookkeeper. Five primary areas of focus are professionalism, the accounting cycle, accounting entries, financial statement preparation, and presentation of accounting information.

Credits

4

Prerequisite

BT 169Z, BT 165, BT 167, and BA 211Z

Course Learning Outcomes

Upon successful completion of this course, the student will be able to:

1. Identify and correct a variety of common accounting errors

2. Identify common small business internal control processes

3. Describe professional standards for bookkeepers

4. Prepare common entries for payroll, fixed assets, inventory, cash receipts and cash disbursements using special journals and subsidiary ledgers

5. Prepare trial balances, working papers, and basic financial statements using accrual basis accounting

6. Properly account for various accruals and deferrals

7. Interpret and present accounting information from accounting records and reports

8. Complete the steps of the accounting cycle from source documents to post-closing trial balance for a sole proprietorship service business and merchandising business