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AIB Financial Accounting
AIB Course Code: 1000

Dates Offered | Registration (Deadline is one week prior to start date)

Financial Accounting teaches students the information needed to create financial statements, including trial balances, t-accounts, balance sheets, and various other accounts and their respective functions. This course emphasizes current practices of accounting procedures and includes coverage of the latest principles set forth by the Financial Accounting Standards Board (FASB). Formerly called Accounting.

Note: Given the level of difficulty of this course, it is recommended that you have already taken an online course. And, it is suggested that you not enroll in other courses while taking this one.

Audience

Bank personnel requiring a fundamental knowledge of accounting.

Learning Objectives

After successfully completing this program, you will be able to:

• Describe the content and purpose of the balance sheet and income statement
• Compare the basic characteristics of accrual basis and cash basis accounting
• Explain the full accounting cycle and prepare all required journals, entries, and adjustments
• Outline the necessity for and features of internal controls
• Identify the basic assumptions, principles, and modifying conventions of accounting
• Describe how inflation affects information
• Define partnerships and explain their characteristics

ACE College Credit Recommendation

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting or Finance.

* Registration for one or more courses that include accompanying textbooks will also incur a shipping & handling fee of $8.50.

Questions? Please contact online@aba.com or 1-800-BANKERS for more information.