This course examines the concepts of service companies, trade, business transactions and accounting equations, recording transactions using general/special journals, ledgers and subsidiary books and correction journals, preparing balance sheets, adjusting journals and using work balance sheets, preparing and presenting financial reports , closing journals and reversing journals, techniques for recording and presenting cash and bank items, trade receivables, notes receivable, merchandise inventory, fixed assets and intangible assets in the balance sheet in accordance with financial accounting standards