Accounting III
Course# 737
Credit 0.5
Prerequisite: Accounting I and 2
Accounting 3 is a continuation of Accounting 2. It is for students planning a career in the accounting field or in business. Students will learn how to manage a corporation’s financial records, how to handle uncollectible accounts, depreciation, notes, inventory, accruals, taxes, and voucher systems for a corporation. Current events in the business world will be stressed. Computerized information for handling the financial records of a corporation will be discussed and analyzed.
Unit 1: Accounting for Uncollectibles
This unit reviews the procedure for estimating uncollectible accounts. The writing off of uncolle...
Unit 2: Plant Assets and Depreciation
This unit describes a full range of concepts and procedures related to accounting for and reporti...
Unit 3: Inventory Planning, Valuation, Notes and Interest
This unit focuses on accounting principles used to determine the amount of inventory used in work...
Unit 4: Accrued Revenue and Expenses, End of Fiscal Period Work for a Corporation
This unit will introduce two new work sheet adjustments and ratios used to evaluate a balance she...