AIB Financial Accounting
Course Code: 1000
Length: 16 Weeks
Audience: This course is designed for bank personnel requiring a fundamental knowledge of accounting.
Description: Financial Accounting teaches students the information needed to create financial statements, including trial balances, t-accounts, balance sheets, and various other accounts and their respective functions. This course emphasizes current practices of accounting procedures and includes coverage of the latest principles set forth by the Financial Accounting Standards Board (FASB). Formerly called Accounting.
Objectives: After successfully completing this program, you will be able to:
- Describe the content and purpose of the balance sheet and income statement
- Compare the basic characteristics of accrual basis and cash basis accounting
- Explain the full accounting cycle and prepare all required journals, entries, and adjustments
- Outline the necessity for and features of internal controls
- Identify the basic assumptions, principles, and modifying conventions of accounting
- Describe how inflation affects information
- Define partnerships and explain their characteristics
Text Book: This course uses Financial Accounting, 9th edition, Houghton Mifflin, 2006
Recommended Course Credits: AIB: 3.0; ICB: 45 (CLBB or CTFA [FPI])
ACE College Credit Recommendation: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting or Finance
Prerequisites: Participants must be comfortable using Microsoft Excel. Students must have access to Microsoft Excel to complete the exercises in this course. Note: Given the level of difficulty of this course, it is recommended that you have already taken an online course. And, it is suggested that you not enroll in other courses while taking this one.
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.