OFAD-170 - Bookkeeping 1

Minimum Credits: 3 Length: 120 hours Prerequisites: OFAD 157, OFAD 158, and OFAD 181; strong reading and writing abilities. OFAD 155 or current typing speed of 25 gwam. Delivery Method: Online Cost: $351.12 Course Outline: https://sps.cotr.bc.ca/Outlines/Course Outlines/OFAD170.pdf

Bookkeeping 1 covers basic bookkeeping skills learning the nine steps of the manual accounting cycle including recognizing source documents, recording journal entries, posting to the general ledger, preparing a trial balance and worksheet, preparing financial statements to a professional level, recording adjusting and closing entries, preparing a post-closing trial balance, and the basics of banking procedures and control of cash.