Introduces the key concepts that a businessperson needs to understand. Learners explore three primary financial statements: the balance sheet, the income statement and the cash flow statement. Application of accounting processes: cash and accrual methods, recording business transactions, making a trial balance, creating financial statements and keeping records. Examination of various benchmarks utilizing financial statements.
Condition: Accepted into the Dairy Science, Agri-Business, Veterinary Science Associate Degree program or Garden to Market Specialist Technical Diploma, or with Dean approval.