Call: (306) 252-1000

Accounting 20 - 7205

Pre-Requisite: Accounting 10 (Module 1 of the Saskatchewan Accounting Curriculum must be complete before beginning Accounting 20.)
Delivery Method: Online Asynchronous

Accounting 20 is a continuation of Accounting 10, where we explored accounting for a service business, organized as sole proprietorship. In Accounting 20, we will extend these principles and practices to a merchandise business, organized as a corporation. Learners will continue to develop their problem-solving and decision-making skills to interpret accounting and financial information. 

The International Financial Reporting Standards (IFRS) are the accounting standards used by publicly traded companies. As such, in Accounting 20 we will explore the IFRS framework and examine how the IFRS characteristics relate to the accounting topics throughout the course. 

We will examine how merchandise businesses account for the purchase and sale of inventory and manage payroll and taxation. We will also prepare and analyze financial statements for this merchandise business.  

Units of Study:

  • Accounting for Merchandise Businesses
  • Accounting for Purchases & Sales
  • Payroll & Taxation
  • Uncollectible Accounts Receivable
  • Preparing a Trial Balance & Adjusting Entries
  • Financial Statements & Closing Entries
  • Financial Statement Analysis

Supplied Resources

  • E-text: Century 21 Accounting Multicolumn Journal 10e, Gilbertson, Lehman, and Gentene
  • Cengage Aplia Online Accounting Software (Working Papers Chapter 1-17)

Suggested Career Pathways

  • Accountant
  • Business Manager
  • Controller
  • Auditor
  • Payroll Manager
  • Director
  • Entrepreneur
  • Chief Executive Officer
  • Chief Financial Officer

Supplied Resources:
Century 21 Accounting Multicolumn Journal 10e textbook and Cengage Aplia Online Accounting Software
Aplia Online Working Papers Chapter 1-17

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Instructor: Todd McLauchlin

Todd McLauchlin

todd.mclauchlin@sunwestsd.ca

Phone: (306) 252-1000

Fax: (306) 252-2150

Skype: TBD

Sun West Distance Learning Centre

P.O. Box 370
408 - 5th Avenue
Kenaston, SK S0G 2N0

 

Phone: (306) 252-1000
Fax: (306) 252-2150
Email: registrations@sunwestsd.ca