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.
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.
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
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)
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)