College-Level Accounting

Accounting stresses skills and techniques of keeping neat and accurate financial records for management decisions and orients students to advanced study in business administration. Accounting teaches students to understand the language of business; to analyze business transactions; to maintain journals and ledgers; to take a trial balance; to make adjusting, closing, and reversing entries; and to prepare financial reports of the business at the end of a fiscal period. During this process the student will also develop an understanding of the composition of basic asset, liability, equity, and income determining accounts, in accordance with current accounting concepts and principles. Students will be introduced to the fundamental mechanics of accounting for proprietorships, partnerships, and corporations.

School Competencies
  • Applied Mathematical Modeling (Problem Solving & Analysis - Foundational)
  • Logical Processing (Problem Solving & Analysis - Foundational)
Course Competencies
  • ACC-30070 Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions. 
  • ACC-30071 Determine asset accounts and their disclosure in the financial statements
  • ACC-30072 Determine liability and equity accounts and their disclosure in the financial statements.
Credits

1

Grades

9-12