MARK 113 Accounting Principles

This course is an introduction to financial accounting principles and management accounting

Career Training

Correctly apply or use the following: accounting formulas, debit and credit theory, t-accounts, journal entries, chart of accounts series, complete the accounting cycle, various depreciation methods, closing entries
Identify the operating, financing, and investing activities of a business
Distinguishing current assets from intangible and fixed assets
Demonstrate an understanding of the steps of the accounting cycle and of the basic elements of the four financial statements: the Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Retained Earnings
Use information from the financial accounting system for decision making, taking into consideration Generally Accepted Accounting Principles and related legal and regulatory issues
Calculate financial ratios to assist in the analysis of the financial position of a company