Introduction to Accounting and its concepts. Recording Business Transactions:  Journal, Ledger, Trial Balance. Preparation of Financial Statements:  Balance Sheet, Income Statement, Completion of Accounting Cycle:  Adjustments, Closing, Work Sheet Accounting for purchase and sales of merchandise. Receivable and payable, Inventories, Payroll Systems. Plant and Equipment: Acquisition, Depreciation, Disposal. Corporations: Organization and stock-holders equity, Operations, Earning per share and dividends.