Northeast Wisconsin Technical College
10-101-107 056330 Accounting Applications/Procedures
Outline of Instruction

Course Information
Description10-101-107 ACCOUNTING APPLICATIONS AND PROCEDURES ...use of financial calculator, purchasing, shipping/receiving, A/R, and A/P systems, markups, discounts, credit charges, time value of money, depreciation methods, and inventory methods.
Total Credits2
Prior Learning Assessments
None
Course Competencies
  1. Solve common financial word problems
  2. Apply a purchasing system and the use of trade discounts and shipping terms
  3. Utilize the components of an accounts receivable system
  4. Solve simple interest transactions
  5. Solve lump-sum compounding transactions
  6. Solve annuity transactions
  7. Apply the 4 common types of inventory systems
  8. Apply the 4 common financial depreciation methods