IBC is registered and approved with the NAECOB (National Accreditation and Equivalency Council of The Bahamas)
PRINCIPLES OF ACCOUNTING I
Semester Length: 14 weeks
This course of study is concerned with an introduction to the concepts and uses of financial
information, the preparation of financial statements, analysis of the effect of transactions on the
financial position of a company and the study of ethics in business situations.
On the successful completion of this course the student will demonstrate the ability to:
Describe the characteristics of partnerships and corporations
Account for transactions in the long term liability section of a corporation’s balance sheet
Account for equity transactions of corporations
Prepare the statement of cash flows for a corporation
Analyze corporate financial statements
Distinguish between financial and management accounting
Study material is included.
Registration Deadline for the Fall Term is scheduled for 15th August each year.