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Thompson Rivers University
Thompson Rivers University

ACCT 1211: Accounting 1

Students develop the ability to record business transactions and prepare financial statements for a small business enterprise. Topics include the accounting and the business environment; recording business transactions; adjusting entries; closing entries and completing the accounting cycle; merchandising accounting and inventory; accounting information systems; internal control and cash; receivables; property, plant and equipment; intangible assets and goodwill.

Learning outcomes

  • Analyze business events using accounting and financial terms.
  • Record business events in general and special journals.
  • Post journal entries to general and subsidiary ledger accounts.
  • Balance the general and subsidiary ledgers.
  • Prepare end-of-period adjusting and closing journal entries.
  • Prepare classified financial statements.
  • Account for a merchandising business including its inventories and receivables.
  • Control cash transactions and prepare bank reconciliations.
  • Prepare journal entries for the purchase and depreciation of tangible capital assets.
  • Prepare journal entries to record the sale of tangible assets.
  • Prepare journal entries for intangible assets and goodwill.

Course topics

  • 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; and Goodwill and Intangible Assets

Required text and materials

Students require the following e-textbook, which can be purchased directly from the TRU bookstore site at:

  1. Miller-Nobles, T. L., Mattison, B., Matsumura, E. M., Meissner, C. A., Johnston, J. L., & Mowbray, G. (2023). Horngren’s Accounting: Volume 1 plus MyAccountingLab (12th Cdn. ed.). Toronto, ON: Pearson.
    Type: E-Textbook. ISBN: 9780136889335

Note: This textbook comes with access to a companion website: MyAccountingLab that is not required but recommended for activities and additional practice.

Additional requirements

Hand calculator: a calculator may be helpful 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.


Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact with any questions about this.

To complete this course successfully, you must achieve a passing grade of 50% or higher on the overall course and 50% or higher on the mandatory Final Exam.

Assignment 1: The Business Environment and Recording Business Transactions 10%
Assignment 2: Measuring Business Income and Completing the Accounting Cycle 10%
Assignment 3: Merchandising Operations, Accounting for Merchandise Inventory, and Accounting Information Systems 10%
Assignment 4: Internal Control of Cash and Receivables 10%
Assignment 5: Property, Plant, and Equipment; and Goodwill and Intangible Assets 10%
Final Exam (mandatory) 50%
Total 100%

Open Learning Faculty Member Information

An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.

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