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B201: Accounting This course introduces basicaccounting theories and practices used in recording, analyzing and summarizing financial information. Topics include the set up and posting of accounts, double entry accounting techniques, applying debits and credits to journals, posting from journals to ledgers and preparing a trial balance. In addition, student will learn to make adjusting entries, correct typical errors, close the accounts of a business and prepare preliminary financial statements. Topics include: • Accounting Information and Decision Making • The Accounting Information System • The Financial Reporting Process • Cash and Internal Controls • Receivables and Sales • Inventory and Cost of Goods Sold • Long -Term Assets • Current Liabilities • Long -Term Liabilities • Stockholders' Equity • Statement of Cash Flows • Financial Statement Analysis Prerequisite: None 40 Hours Lecture 4.0 Quarter Credits B202: Business Law This course provides the general laws not only the legal aspects of real estate and finance but also the broad spectrum of basic legal terminology, principles, and procedures. The role of the business professional and the relationship between commerce and the legal system will be emphasized. The student will be provided with applications using the Internet, database, word processing, and network research systems. Upon successful completion of the course, students should be able to: • Create business contracts • Identify problematic areas during the making of a contract • Describe contractual terms and non -contractual obligations of the seller/producer • Recognize elements involved in discharging a contract. • Explain the duty of care in negligence and other aspects of negligence and product liability. • Examine liability in respect of employees Prerequisite: None 40 Hours Lecture 4.0 Quarter Credits Date on Apr114,