This course is designed to introduce students to the basic principles and concepts of accounting.  It ensures a full understanding of and ability to perform all aspects of the accounting cycle.  The preparation of all journals, posting to the ledgers, preparation of the Trial Balance, adjusting entries and the preparation of Financial Statements will be its main focus.  In this course, students are given an awareness of all types of business organizations, but emphasis will only be on the preparation of financial statements for sole traders and limited liability companies.