Accounting 20

Accounting 20 is a continuation of Accounting 10, where learners explored accounting for a service business, organized as sole proprietorship. In Accounting 20, students will extend these principles and practices to a merchandise business, organized as a corporation. Learners will continue to develop their problem-solving and decision-making skills to interpret accounting and financial information.

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Prerequisite

Accounting 10

Delivered

Online Asynchronous

Credits

One 20 Level PAA OR One Elective 20 Credit

What Will I Learn?

The International Financial Reporting Standards (IFRS) are the accounting standards used by publicly traded companies. As such, in Accounting 20 learners will explore the IFRS framework and examine how the IFRS characteristics relate to the accounting topics throughout the course.

Learners will examine how merchandise businesses account for the purchase and sale of inventory and manage payroll and taxation. They will also prepare and analyze financial statements for this merchandise business.


Units of Study

    Accounting for Merchandise Businesses

    Accounting for Purchases & Sales

    Payroll & Taxation

    Uncollectible Accounts Receivable

    Preparing a Trial Balance & Adjusting Entries

    Financial Statements & Closing Entries

    Financial Statement Analysis

Course Materials
Supplied by the DLC

Sun West DLC provides required items to be successful in your course.

**E-text:** Century 21 Accounting Multicolumn Journal 10e, Gilbertson, Lehman, and Gentene Cengage Aplia
Online Accounting Software (Working Papers Chapter 1-17)

For This Course
You Will Need

Students need to have the following for this course. You will need to supply these items.

Microsoft Excel or Microsoft Excel Online (2013 or newer)

If you're interested, so are we.

Create your application today to begin learning.