Administrative Accounting Procedures

Faculty
Commerce & Business Administration
Department
Office Administration
Course Code
OADM 1230
Credits
3.00
Semester Length
15 weeks x 4 hours per week = 60 hours
Max Class Size
30
Method Of Instruction
Lecture
Lab
Typically Offered
To be determined

Overview

Course Description
This course will introduce students to the concepts and practices of financial accounting for service businesses. Students will complete the accounting cycle for a service business and complete the accounting cycle to trial balance for a merchandising business. Students will be introduced to special journals, subsidiary ledgers, sales taxes, payroll activities, bank reconciliations and petty cash systems. After completing routine and periodic processes manually, students will process some of the same transactions using a computerized accounting system.
Course Content
  1.    Introduction to accounting concepts and procedures.
  2.    The accounting equation.
  3.    Analyzing business transactions.
  4.    Journalizing, posting and preparing a trial balance for a service business.
  5.    Preparing worksheets and financial statements for a service business.
  6.    Journalizing and posting adjusting and closing entries for a service business.
  7.    Journalizing merchandising transactions in special journals - Sales, Cash Receipts, Purchases, and Cash Payments.
  8.    Preparing bank reconciliation statements.
  9.    Journalizing transactions related to petty cash.
  10.    Preparing a payroll register and journalizing transactions related to payroll.
  11.    Journalizing transactions involving GST and PST.
  12.    Record transactions in General Ledger, Accounts Receivable and Accounts Payable Modules both manually and electronically.
  13.    Display and print financial statements, customer reports and vendor reports.
Methods Of Instruction

This course will be offered in a laboratory setting with the instructor using short lectures/demonstrations of concepts and procedures. Students will be guided through the completion of exercises and assigned related projects and simulations.

Means of Assessment
Assignments (3-5)      10-15%
Project(s)      15-20%
Test 1      20%
Test 2      25%
Final Exam      25%
   
Total    100%

 

THERE ARE NO ORAL PRESENTATIONS IN THIS COURSE.

Learning Outcomes

The learner has reliably demonstrated the ability to

  1. complete the accounting cycle for a service business.
  2. complete the accounting cycle to trial balance for a merchandising business.
  3. plan, complete and record all payroll-related transactions for a pay period.
  4. prepare bank reconciliation statements and record transactions related to petty cash.
  5. complete routine and periodic processes related to the General Ledger, Accounts Receivable and Account Payable Modules in accounting software.
  6. prepare trial balances, schedules and financial statements in accounting software.
Textbook Materials

Textbooks and materials to be purchased by students:

Slater, Jeffrey and Brian Zwicker, College Accounting: a practical approach, Latest Edition, Pearson Education.

Campbell, Joan I. Pitman Office Handbook, Latest Edition. Pearson Education.

Course packs as determined by the instructor,

or other textbooks and materials as approved by the department.

 

Requisites

Prerequisites

None

Corequisites

None

Equivalencies

None

Requisite for

None

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
College of the Rockies (COTR) COTR ACCT 261 (3) 2020/05/01 to -

Course Offerings

Winter 2021

There aren't any scheduled upcoming offerings for this course.