This is the first course in a sequence of courses dealing with the profession and the practice of accounting and the literature associated with it. Students will be introduced to: the design of accounting information systems (classifications and chart of accounts, cash or accrual systems, concept and measurement selection, continuous or periodic recording); systems of accounting record (the accounting equation, document flows, accounts and ledgers, the double-entry systems, journals and subsidiary ledgers internal and accounting control); recording merchandising operations (sales, purchases, returns, allowances, receipts, payments, inventory effects); accounting for receivables and payables; inventories; and accounting for non-current assets.