AIB General Accounting
Course Code: 1002
Length: 16 Weeks
Audience: This course is designed for bank personnel with little or no accounting background at any level..
Description:General Accounting provides a complete foundation in basic accounting procedures. This course presents the fundamentals of accounting in a practical, up-to-date, and easy-to-comprehend manner. The goal is to provide students with a strong basic knowledge of accounting terms, concepts, and procedures. Emphasis is placed on developing a firm foundation of fundamental procedures with appropriate repetition of content through the use of examples and color-coded illustrations.
Objectives: After successfully completing this program, you will be able to:
- Understand the basic accounting cycle and define the basic elements used such as asset, liability, owner's equity, revenue, and expense accounts
- List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements
- Understand and perform functions relative to bank accounts and cash funds
- Understand the implications of dealing with employee earnings and deductions, and with employee taxes, payments, and reports
- Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business
Text Book: This course uses College Accounting, 8th edition, Houghton Mifflin, 2005
Recommended Course Credits: AIB: 3.0
ACE College Credit Recommendation: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting
Prerequisites: Participants must be comfortable using Microsoft Excel. Students must have access to Microsoft Excel to complete the exercises in this course.
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.