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Basic Accounting – BUS 1102: Learning Materials

Get Ready For Your College Courses

To best prepare for your future studies, please review the below preparation resources. We encourage you to use the time before starting your first term, to get a taste of the topics of your upcoming courses. There’s no better time to start than now! Good luck with your studies!

Learn Basic Accounting

Course Overview

The Basic Accounting course introduces students to financial reporting and financial management concepts and practices. The primary focus of this course is the preparation, use, and analysis of general purpose financial statements in support of the capital market decision-making process. In addition, certain financial accounts concepts related to current assets will be covered.

Preparation Resources

Principles of Business Management – BUS 1101 -Course Schedule and Topics:

This course will cover the following topics in eight learning sessions, with one Unit per week. The Final Exam will take place during Week/Unit 9 (UoPeople time).


Week 1: Unit 1 – Introduction to the Course and Principles of Financial Accounting


Week 2: Unit 2 – The Accounting Cycle: Analyzing and Recording Transactions


Week 3: Unit 3 – The Accounting Cycle: Adjusting Entries and Preparing Financial Statements


Week 4: Unit 4 – Completing the Accounting Cycle: The Closing Process


Week 5: Unit 5 – Accounting for Merchandising Operations


Week 6: Unit 6 – Cash and Internal Controls


Week 7: Unit 7 – Accounting for Receivables


Week 8: Unit 8 – Inventories and Cost of Goods Sold


Week 9: Unit 9 – Course Review and Final Exam