You’ll develop knowledge and understanding of the underlying ideas and ideas regarding financial accounting and technical proficiency in the use of double-entry accounting methods, together with the preparation of fundamental monetary statements for single entities and simple teams. The course is available as an outdoor possibility, subject to the course chief’s permission, if college students have achieved a enough customary of performance within the pre-requisite course AC100 Components of Accounting and Finance or AC102 Parts of Monetary Accounting or AC104 Components of Accounting, Monetary Institutions and Monetary Management or equal.
Feedback from college students in previous choices of Financial Accounting II have indicated that it is necessary to have a solid basis in the pre-requisite accounting information acquired in earlier accounting programs to reach this course.
Every process is designed to provide college students with opportunities to reveal their level of comprehension and understanding of every of the matters coated in the course in addition to their understanding of the general nature and objective of monetary reporting.
Reconciliation of various stability sheet accounts, including money, monetary management, accounts payable and miscellaneous others; and oversight of the reconciliation of all the other balance sheet accounts reconciled by other central office units.…