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Accounting Applications/Procedures

Credits: 2
Course Number: 10-101-107

Course 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.

Course Typically Offered

  • Summer
  • Fall
  • Spring

Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.

Credit for Prior Learning

How can I use this course to achieve my career goals?

This course is associated with the following programs:

What will I learn?

  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