Course Number: ABA
Course Code: ABA
Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.
– Describe the basic accounting cycle and define the basic elements used such as asset, liability, owner’s equity, revenue, and expense accounts and posting debits and credits
– Post to the general journal and general ledger, and prepare adjusting entries
– List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements and the statement of owner??s equity
– Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business
– Identify and perform functions relative to bank accounts and cash funds
College Credit Recommendations: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Introduction to Financial Accounting or Principles of Accounting
ABA Diplomas/Certificates: This course applies to the Bank Operations Diploma, Business Banking & Commercial Lending Diploma, Consumer Banking Diploma, General Banking Diploma, and Military Banking Operations Diploma ??
Audience: Bank personnel at any level with little or no accounting background