At first, I was unsure what Lakeshore Technical College had to offer. While looking over the many programs that are offered, the accounting program intrigued me the most. The program outcomes are: processing financial transactions throughout the accounting cycle, analyze financial and business information, perform payroll tasks, learn to handle accounting costs and its implications, perform business and private tax preparation, and identify internal controls to reduce risk. Finally, more than ever, I’m excited to share the knowledge that I have accumulated during my time at Lakeshore Technical College.
In the first year of accounting I did an exercise called My Lemonade Company. The Lemonade Company had helped me understand how to record journal entries into the ledger and create financial statements, which are part of processing financial transactions in the accounting cycle. Another exercise was the pricing of the bonds, that had shown me how to calculate bonds for journalizing. The amortization schedule exercise was learned to also process the accounting cycle. Furthermore, homework problem chapter 16-2 in Accounting had developed my understanding in how to create financial statements. Another project I did towards the end of the …show more content…
In my Cost Accounting class, short exercise in chapter 7 (S7-1) had taught me how to calculate the CM ratio and CM. It had strengthened my reporting and analyzing skills. One major project that I did was the standard cost project, it had taught me how to calculate and analyze the company’s spending to see if it is favorable or unfavorable. The chapter 5 portfolio was a good learning exercise to as prepping me up for the cost activities and projects. Then the chapter 11 portfolio P11-54A had improved my decision making by having to analyze if the managers were doing a good job and if the company should continue using the system or
In the first year of accounting I did an exercise called My Lemonade Company. The Lemonade Company had helped me understand how to record journal entries into the ledger and create financial statements, which are part of processing financial transactions in the accounting cycle. Another exercise was the pricing of the bonds, that had shown me how to calculate bonds for journalizing. The amortization schedule exercise was learned to also process the accounting cycle. Furthermore, homework problem chapter 16-2 in Accounting had developed my understanding in how to create financial statements. Another project I did towards the end of the …show more content…
In my Cost Accounting class, short exercise in chapter 7 (S7-1) had taught me how to calculate the CM ratio and CM. It had strengthened my reporting and analyzing skills. One major project that I did was the standard cost project, it had taught me how to calculate and analyze the company’s spending to see if it is favorable or unfavorable. The chapter 5 portfolio was a good learning exercise to as prepping me up for the cost activities and projects. Then the chapter 11 portfolio P11-54A had improved my decision making by having to analyze if the managers were doing a good job and if the company should continue using the system or