Students develop the ability to record business transactions and prepare financial statements
for a small business enterprise. Topics include accounting and the business environment;
recording business transactions; adjusting entries; closing entries and completing the accounting
cycle; merchandising accounting; accounting information systems; internal control and cash;
receivables; property, plant and equipment; goodwill and intangible assets; and current
liabilities and payroll accounting.
After successfully completing this course, students should be able to:
- Analyze business events, using accounting and financial terms.
- Record business events as entries in general, special, and multi-column journals.
- Post journal entries to the general and subsidiary ledger accounts.
- Balance the general and subsidiary ledgers.
- Prepare classified financial statements with supporting schedules.
- Prepare end-of-period adjusting and closing journal entries.
- Account for a merchandising business, including its inventories and receivables.
- Control cash transactions and prepare bank reconciliations.
- Account for payroll at a rudimentary level.
- Module 1: Accounting and the Business Environment
- Module 2: Recording Business Transactions
- Module 3: Measuring Business Income: The Adjustment Process
- Module 4: Completing the Accounting Cycle
- Module 5: Merchandising Operations and Accounting for Merchandise Inventory
- Module 6: Accounting Information Systems
- Module 7: Internal Control and Cash
- Module 8: Receivables
- Module 9: Property, Plant, and Equipment: Goodwill; and Intangible Assets
- Module 10: Current Liabilities and Payroll
Required text and materials
Miller-Nobles, T.L., Mattison, B., Matsumura, E., Meissner, C. Johnston, J.L., & Norwood,
P.R., (2017). Horngren’s Accounting, Volume 1 with MyLab Accounting with Pearson eText –
Standalone Access Card (10th Canadian ed.). Toronto, ON: Pearson Prentice Hall.
E-Text ISBN: 978-0-13-418030-4
Note: This eText comes with access to a companion website: MyLab Accounting. The activities
included in the MyLab Accounting are there for additional practice, but are not required to
complete this course.
Hand calculator: a calculator is required for basic calculations. However, if you intend to
continue with more advanced accounting courses in the future, you might consider buying a
financial calculator, such as the Texas Instruments. "Business Analyst" calculator, now.
For computer equipment requirements, students should refer to the section "Equipment" under
"Courses" in the TRU-OL Calendar or on the TRU-OL website at: http://www.tru.ca/distance/services/online_courses.html
In order to pass the course, students must achieve a passing grade of 50% or higher on the
overall course and pass the Final Exam with a grade of 50% or higher.
|Final Exam *
Open learning faculty member
An Open Learning Faculty member is available to assist students. Primary communication through
the Learning Environment's "Mail" tool. Students will receive the necessary contact information
at the start of the course.