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Accounting Applications/Procedures

Course Number: 10-101-107
Credits: 2
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Course Information

Description: 10-101-107 ACCOUNTING APPLICATIONS AND PROCEDURES ...use of financial calculator, purchasing, shipping/receiving, A/R, and A/P systems, markups, discounts, credit charges, time value of money, depreciation methods, and inventory methods.
Total Credits: 2

Prior Learning Assessments

None

Course Competencies

  1. Solve common financial word problems
  2. Apply a purchasing system and the use of trade discounts and shipping terms
  3. Utilize the components of an accounts receivable system
  4. Solve simple interest transactions
  5. Solve lump-sum compounding transactions
  6. Solve annuity transactions
  7. Apply the 4 common types of inventory systems
  8. Apply the 4 common financial depreciation methods