Accounting Fundamentals

ACCOUNTING FUNDAMENTALS:   Accounting Fundamentals expands on the Generally Accepted Accounting Principles (GAAP) and procedures for proprietorships and partnerships using double-entry accounting covered in Introduction to Accounting. Emphasis is placed on accounting principles as they relate to both manual and automated financial systems. This course involves understanding, analyzing, and recording business transactions and preparing, analyzing, and interpreting financial reports as a basis for decision-making. Students are required to take Introduction to Accounting prior to enrollment in this course.

Length: Year

Offered: Fall/Spring

Number of Periods per Semester: One

Grade Level: 11-12

Course Prerequisites: Introduction to Accounting

Application:  None

Tryout :  None

Counselor Approval Required: None

Dual Credit: Yes through Ivy Tech.  Please see the business department chair. 

Weighted::  Yes, Half Point

Diploma Path:Directed Elective or Elective for All

Quantitative Reasoning: Yes