Finance - Introduction to the Basic Elements of USask Accounting

Description:

Orientation, or refresher, on basic accounting concepts, structure and financial processes at the University of Saskatchewan for new or current employees who have responsibility for processing or reviewing financial transactions.  This course provides a foundation for future internal training in accounting, financial management and financial reporting.

In order to have access to UniFi, new administrative employees are required to complete this course.  A certificate of successful completion will be provided to attendees.

Note: An additional University Financial Fundamentals course for faculty, department heads, deans and senior administrators is under development, with an anticipated start-up date of June, 2017.

Objectives:

Upon completion, course participants should be able to:

  • Describe the university accounting cycle.
  • Recognize the university Chart of Accounts.
  • Understand the difference between a debit and credit.
    - Apply the appropriate use of a debit or credit in transaction analysis.
  • Describe the difference between a Balance Sheet and an Operating (Income) Statement.
  • Identify how the Balance Sheet and Operating (Income) Statement are connected.
  • Describe how the account codes connect to the Balance Sheet and Operating (Income) Statement.
  • Describe how the Accounting Equation applies to financial transactions.

Prerequisites:

  • A basic level of accounting knowledge and related experience.

Other Recommendations:

Duration:

3 hour Course

Registration Fees:

U of S Students: $0.00
U of S Faculty: $0.00
U of S Staff: $0.00
Off Campus: $0.00

Required Software:

There is no required software for this course.

Resources:

NOTE: Classes may have limited registration. If an offering is designated as 'Full', please email Training Services in order that we may accommodate your training needs. Due to last minute withdrawls, this class is subject to cancellation on short notice. A customized training solution may be offered in its place.

Registration Information
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