PRINCIPLES OF ACCOUNTING I

This course provides students with a strong foundation in financial accounting by introducing key concepts such as the accounting equation, financial statements, and the accrual method. Using a balance sheet approach, students will explore essential topics including inventory valuation, internal controls, liabilities, and payroll. Through real-world applications and adherence to Generally Accepted Accounting Principles (GAAP), this course equips students with the skills necessary to analyze financial transactions, manage assets, and evaluate financial data.

Course Description

Principles of Accounting I is an IWCC course that introduces accounting fundamentals using the balance sheet approach and branches into journals, ledgers, financial statements, and developing the accrual method. Topics include inventory valuation and cost of goods sold, plant and equipment, internal control, current and long-term liabilities, receivables, interest, and payroll. 

Topics of Study

  • Demonstrate an understanding of the framework of accounting and the accounting equation.
  • Analyze transactions and apply GAAP to properly account for merchandising transactions.
  • Evaluate internal control procedures and properly account for cash and cash equivalent.
  • Apply GAAP to determine the proper accounting for asset classes including PPE.
  • Apply GAAP to determine the proper accounting for short-term liabilities.

Course Information

  • Instructor: TBD

  • Prerequisites: 11th-12th grader

  • Certifications: N/A

  • Class Format: In-Person

  • Location: TBD

  • Cost: *Tuition based on school agreements. Contact info@ignite-pathways.com for more information.

Future Opportunities

With the demand for professionals in the accounting industry on the rise, there is a significant need for new talent to enter the workforce each year. The average salary in this field starts at $75K and can go higher. Accountants are also in high demand, often earning competitive hourly rates and finding opportunities across various sectors.

 

$31+/hr

Entry-Level Wages

3,700

Midwest Job Openings

$80+k/yr

Income Potential

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