Accountancy Fundamentals for Incoming College Freshmen

A comprehensive introduction to accounting principles, designed to equip incoming college freshmen with the foundational knowledge for success in their accountancy studies.

Introduction to Accounting and its Principles

Unit 1: What is Accounting?

Unit 2: GAAP and Accounting Methods

Unit 3: Types of Business Entities

Unit 4: Basic Accounting Terminology

The Accounting Equation: Building the Foundation

Unit 1: Understanding the Accounting Equation

Unit 2: Transactions and the Accounting Equation

Unit 3: Debits, Credits, and the Equation

Recording Financial Transactions: Journal Entries

Unit 1: Understanding Journals and the Debit/Credit System

Unit 2: Recording Common Business Transactions

Unit 3: Advanced Journal Entries and Error Correction

The General Ledger: Organizing Accounting Data

Unit 1: Understanding the General Ledger

Unit 2: Posting Journal Entries to the Ledger

Unit 3: The Trial Balance

Preparing Basic Financial Statements: Income Statement & Balance Sheet

Unit 1: Understanding Financial Statements

Unit 2: Income Statement Deep Dive

Unit 3: Balance Sheet Breakdown

Unit 4: Financial Statement Relationships & Analysis

The Accounting Cycle: A Comprehensive Overview

Unit 1: Understanding the Accounting Cycle

Unit 2: Adjusting Entries: Fine-Tuning the Numbers

Unit 3: Completing the Cycle: Financial Statements and Closing