This course is an introduction to financial accounting. You will be introduced to the accounting cycle as well as the preparation of journal entries and financial statements. Other topics covered include the accounting for:
A strong knowledge of the principles of accounting gives you the power to make sound business decisions.
Prepare journal entries, financial statements and reports.
Analyze and interpret financial reports.
Understand accounting for cash, accounts receivable, inventory, capital assets, current liabilities and owner’s equity.
Analyze and record corporate transactions.
Understand the accounting cycle from source documents to trial balance.
Prepare a classified income statement, statement of retained earnings and a balance sheet.
Develop principles and practical expertise in order to prepare and analyze financial statements for small- to medium-sized businesses.
Online learning is when course delivery, and all associated learning activities, take place via the internet. For online learning tips, system requirements and differences between delivery styles, please visit our online learning webpages.
Using mobile devices in online courses
If you are planning on accessing your online courses using a mobile device such as a tablet or a smartphone, please note that not all required course features will be accessible with these devices. To fully function in your online courses, you will need to have access to a computer running Windows or MacOS.
A full course refund will only be provided if you withdraw from the course prior to the course start date. A refund—less an administrative fee—will be issued if you withdraw within six calendar days after the official course start date for online and part-time courses. Depending on your method of payment, a refund will be either mailed to you or credited to your credit card. A request to withdraw from a course must be submitted in writing to the Business and Management Programs office.
Credit vs non-credit
Credit refers to degree credit. If you are taking a course or program for credit through UVic Continuing Studies, it means that course or program provides credit towards a degree at UVic or another authorized university. Credit students have to meet certain criteria, such as being accepted to both UVic Continuing Studies and the University of Victoria.