Accounting I provides an understanding of basic accounting theory and procedures. Topics include the accounting equation, the accounting cycle, general and special journals, posting to the ledger, financial statements, payroll systems, banking activities, and tax records. Students will utilize automated accounting for preparing and analyzing financial statements and budgets. Emphasis is placed on why financial records are kept, how they are kept, and how to use them as guidelines for decision making. Students will also become proficient in 10-key operations. This course is highly recommended for all students interested in making accounting, office occupations, or business ownership a career choice. Students who complete this course will have the skills to go directly into the workforce as an Accounts Receivable Clerk, Accounts Payable Clerk, or Data Entry Clerk.Prerequisite: Junior or Senior