In this course, the accounting equation that stands at the core of double entry accounting, that Assets = Liabilities + Shareholder Equity, is presented along with exercises to practice using it to categorize transactions. Also, an introduction to the basic financial statements, the income statement, the balance sheet and the cash flow statement, provides context to the accounting equation. Retained earnings is explained in simple, straight-forward terms, which will help the student with closing journal entries when presented in a subsequent course.
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Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo. Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN). Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research company based in Santa Barbara County, California. Mr. Slayter’s M.B.A. and degree in Accounting were both earned from California Polytechnic State University in San Luis Obispo. Mr. Slayter holds an active Certified Public Accountant license from the State of California. Mr. Slayter serves as founder and President of CCSoccer Corp., a non-profit recreational, adult soccer league.
Professor : Cal Poly San Luis Obispo - [2003-01 to Current]
District Controller : Waste Connections - [2002-10 to 2008-09]
Controller : Waller Genetics - [1997-10 to 2001-09]
Accountant : Shilling & Kenyon Accountants - [1993-10 to 1997-10]
Accountant : KPMG - [1992-06 to 1993-10]
MBA, Business : California Polytechnic State University-San Luis Obispo - [2006 to 2008]
BS, Accounting : California Polytechnic State University-San Luis Obispo - [1988 to 1992]