New Horizons Computer Learning Center
410-597-9722

Business Accounting

Course Length: 1 Day

Overview:
In this course, students will learn how to understand basic accounting concepts to effectively make financial decisions.

Course Objectives:
Upon successful completion of this course, students will be able to:

• Identify the role of various accounting institutions, define an accounting period, and relate the accounting system to various business activities
• Identify asset types, the accounting equation, and the methods of accounting for current and non-current assets
• Identify various types of inventory costs, manage inventory by applying inventory costing and valuation methods, and calculate the inventory turnover ratio
• Account for the various types of current and long-term liabilities
• Calculate the present and future values of cash flows, ordinary annuities, annuities due, and bonds; calculate the interest rate and maturity date of a security by using the time value of money equation
• Identify the types of stocks, stockholders' equity, and various types of financial ratios; calculate a stock's book value and market value per share

Course Content

Lesson 1: Accounting system

• Fundamentals of accounting
• Business activities

Lesson 2: Accounting for assets

• Introduction to assets
• Current assets
• Non-current assets

Lesson 3: Accounting for inventory

• Fundamentals of an inventory system
• Inventory management

Lesson 4: Accounting for liabilities

• Current liabilities
• Long-term liabilities

Lesson 5: Time value of money

• Time value of money overview
• Interest rates and maturity dates
• Value of annuities
• Value of bonds

Lesson 6: Stockholders' equity

• Fundamentals of stock
• Stockholders' equity
• Ratio analysis

6940 Tudsbury Road, Baltimore, MD 21244
P: 410-597-9722
www.nhbaltimore.com