ABA Facilitated: General Accounting
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 capital and current ratio and journalize closing entries for a business
- Identify and perform functions relative to bank accounts and cash funds
- Bank personnel at any level with little or no accounting background
- This course requires proctored exams.
- ABA Certificates: This course applies to the Certificate in General Banking.