Week 1
Lesson 1
Introduction to Accounting
Understanding the Importance of Accounting
Types of Accounting Information
Overview of Generally Accepted Accounting Principles (GAAP)
Introduction to Accounting Reports
 Week 2
Lesson 2
Fundamental Concepts of Accounting
Exploring Main Accounting Concepts
Relationship between Concepts and GAAP
 Week 3
Lesson 3
Introduction to Transaction Analysis
Utilizing the Basic Accounting Equation
Analysis of Business Transactions
Understanding Assets, Liabilities, Owner's Equity, Revenues, and Expenses
 Week 4
Lesson 4
Record Keeping and the Accounting Process
Overview of Formal Record Keeping
Steps Involved in the Accounting Process
Transaction Analysis, Chart of Accounts, General Journal, Posting Process
 Week 5
Lesson 5
 Linking the Income Statement and the Balance Sheet
Understanding the Relationship between Income Statement and Balance Sheet
Financial Statements Reflected in the Accounting Equation
 Week 6
Lesson 6
Trial Balance and Financial Statement Preparation
Preparation of Trial Balance
Financial Statement Preparation: Income Statement and Balance Sheet
 Week 7
Lesson 7
Accrual Accounting and Adjusting Entries
Concept of Accrual Accounting
Basics of Adjusting Entries
Revenue Recognition and Matching Principles
 Week 8
Lesson 8
Depreciation
Understanding Depreciation
Calculation of Depreciation Amounts
 Week 9
Lesson 9
Closing the Books
Importance and Process of Closing the Books
Steps Involved in Closing the Books
 Week 10
Lesson 10
Ratio Analysis
Introduction to Financial Statement Analysis
Using Ratios for Analysis between Balance Sheet and Income Statement
 Week 11
Lesson 11
Business Ownership
Major Forms of Business Ownership
Advantages and Disadvantages of Each Form