Accounting Principles

Introduction - the accounting environment; basic concets and the accounting model; the adjusting process; analyzing and recording business transactions; preparing worksheets; accounting for merchandise; internal control and the accounting process; cash; receivables; merchandise inventory; property, plant, equipment and intangible assets; payroll; generally accepted accounting principles and international accounting; partnerships; corporations - formation and operation; corporations - retained earnings and corporate income; corporations - liabilities; corporations - investments and consolidations; the statement of cash flows; financial statement analysis; introduciton to management accounting; introduction to cost accounting; job order costing; process costing; varibale cost, fixed costs, and mixed costs; the contribution approach of cost-volume-profit analysis; the master budget; controlling costs with flexible budgets, standard costs, and variances - part one controlling costs with flexible budgets, standard costs and variances - part two; evaluating the performance of cost centres, profit centres, and investment centres; relevant information for planning short-run decisions; capital budgeting.