Bookkeeping and Introduction to Accounting for Management
The American Business School Paris
Area of Study
Accounting, Business Administration
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Formerly "Bookkeeping, Accounting & Inventory for Retail"
This course introduces you to the basic concepts of accounting that are necessary to run any
business and help you better understand the concepts of finance, economics, management and
After this course, you should be able to:
• Understand why accounting is important
• Understand the recoding process
• Adjust accounts
• Complete the Accounting Cycle
EXPECTED LEARNING OUTCOMES:
Upon completion of this course students should be able to:
• Identify the activities and users associated with accounting.
• Explain the building blocks of accounting: ethics, principles, and assumptions.
• State the accounting equation, and define its components.
• Analyze the effects of business transactions on the accounting equation.
• Describe the four financial statements and how they are prepared.
• Describe how accounts, debits, and credits are used to record business transactions.
• Indicate how a journal is used in the recording process.
• Explain how a ledger and posting help in the recording process.
• Prepare a trial balance.
• Explain the accrual basis of accounting and the reasons for adjusting entries.
• Prepare adjusting entries for deferrals.
• Prepare adjusting entries for accruals.
• Describe the nature and purpose of an adjusted trial balance.
• Prepare a worksheet.
• Prepare closing entries and a post-closing trial balance.
• Explain the steps in the accounting cycle and how to prepare correcting entries.
• Identify the sections of a classified balance sheet.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.