Orientation
1. Orientation
Course Introduction
Congratulations on choosing to continue your study of financial management!
If you choose to pursue a career in financial management, this additional training will give you an advantage when applying for more qualified and varied positions or university and college programs.
This course is a prerequisite for FIN2020: Retail Accounting 1, where you study accounting records for a retail business. This course builds on your work in FIN1020: Accounting Cycle 1, through which you were introduced to the accounting cycle for a service business. If necessary, you can review the Interactive Accounting Cycle. In that course you focused on the part of the cycle that deals with the daily and monthly record keeping of a business. FIN1030: Accounting Cycle 2 focuses instead on the record keeping that a business does less frequently, usually once a year. These records are then studied when a business makes budgetary decisions to maximize its profits.