Accounting 2 (ABUT 1028)
Accounting 2 is an intermediate approach to manual accounting. This course is designed to provide you with additional knowledge in common accounting systems including sales, purchases, taxes, inventory, and payroll. The concepts will be presented in the context of a merchandising business. You will study payroll concepts and principles, tax responsibilities, and annual reporting. You will also be introduced to specialized journals, combined journals, year-end procedures and worksheets, HST/GST/PST, bad debts, and merchandise inventory. You will be preparing detailed financial statements, including a classified balance sheet and an income statement with a cost of goods sold section.
Prerequisites: Online Learner Success (ABUT 1023), Business Math (ABUT 1003) and Accounting 1 (ABUT 1008).
* Note: The CRNs listed below could be restricted to specific program areas.
To register for this course, check the information for your program: