AIB - General Accounting

AIB - GENERAL ACCOUNTING

Course Description: 
General Accounting provides a complete foundation in basic accounting procedures. This course presents the fundamentals of accounting in a practical, up-to-date, and easy-to-comprehend manner. The goal is to provide students with a strong basic knowledge of accounting terms, concepts, and procedures. Emphasis is placed on developing a firm foundation of fundamental procedures with appropriate repetition of content through the use of examples and color-coded illustrations.

Audience:  Bank personnel with little or no accounting background at any level.  Participants must be comfortable using Microsoft Excel.  Students must have access to Microsoft Excel to complete the exercises in this course.

Learning Objectives:  After successfully completing this program, you will be able to:

  • Understand the basic accounting cycle and define the basic elements used such as asset, liability, owner's equity, revenue, and expense accounts

  • List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements

  • Understand and perform functions relative to bank accounts and cash funds

  • Understand the implications of dealing with employee earnings and deductions, and with employee taxes, payments, and reports

  • Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business

Textbook:  The textbook for the course is College Accounting, 2005, 8th Edition.  Course fee includes textbook.

Delivery Method:  This course is available in the following formats:

For further information, call NYBA Education at (212) 297-1679.

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