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This course provides students with the basics of computers and their application in business. It exposes students to the operating system, input devices, output devices and storage units and their interrelationships. The course also introduces students to the use of the computer for processing of data and searching information on the internet.
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This course lays the basic foundation for the study of financial accounting. It introduces students to the conceptual and regulatory framework of accounting, accounting conventions and principles, including the International Financial Reporting Standards. Emphasis is on the mastery of the double entry system of accounting as applied to assets, liabilities, owner’s equity, revenues, and expenses. From the mastery of the use of the double-entry system in recording transactions in preliminary books and the ledger, students work on the preparation of financial statements for sole proprietorships, including adjusting entries, the correction of errors, depreciation of assets, and bank reconciliation statements.