The Advanced Accounting students have been learning more about the financial activities of corporations. They have been able to record purchases and payments, sales and receipts and have calculated and recorded payroll by departments.  
 
As part of the financial reporting for a corporation, they have realized that each department is reported separately, as well as the corporation as a whole. This has been further emphasized as they learned how to plan and validate the inventory for each department and the corporation as a whole. We are now moving into accounting for noncollectable accounts and the various methods of depreciation. It is my hope that we will be able to complete Corporate Accounting (Unit 4) before the end of the year. 

Posted by: Katherine Whittaker