Business Accounting Training (ACT101)

This business accounting training class introduces students to the fundamentals of business accounting. Students learn about current assets, long-term assets, intangible assets, and about the different types of liabilities and how to manage those liabilities. The course also covers the time value of money, calculating the present value, future value, interest rate, and maturity date on various types of cash flows, and understanding a company's statement of stockholders' equity and the balance sheet.

1. Accounting and business activities
   1. Fundamentals of accounting
   2. Accounting in business activities
2. Accounting for assets
   1. Introduction to assets
   2. Accounting for current assets
   3. Accounting for noncurrent assets
3. Accounting for inventory
   1. Fundamentals of the inventory system
   2. Inventory management
4. Accounting for liabilities
   1. Types of liabilities
   2. Long-term liabilities
5. Time value of money
   1. Calculating time value of money
   2. Calculating value of annuities
   3. Calculating value of bonds
   4. Interest rates and maturity dates
6. Accounting for stockholders' equity
   1. Fundamentals of stock
   2. Fundamentals of stockholders' equity
   3. Fundamentals of ratio analysis

Each student receives a comprehensive set of materials, including course notes and all class examples.