ACC-101 — Principles of Accounting I
After a brief consideration of the meaning and purpose of accounting, this course explores the basic statements of an accounting system: the balance sheet, the income statement and the statement of owner’s equity. Students will examine the accounting cycle with an emphasis on the methods of accumulating and summarizing data generated by business transactions. Students will apply their manual accounting skills to an automated accounting system using general ledger software. Areas of concentration will include adjusting entries, closing process, inventory analysis, merchandising, transactions, cash control procedures, receivables, and payables. Ed. Course No Mass Transfer Course No
Prerequisites: RDG-095, ELL-103
Part of
- Accounting Option, A.S.
- Business Transfer Option, A.A.
- Computer Information Systems Concentration, A.A.
- Entrepreneurship Option, A.S.
- Finance Option, A.S.
- Hospitality Management, A.S.
- Management Option, A.S.
- Sport Management Option, A.S.
- Accounting Information Certificate
- Administrative Assistant Certificate
- Entrepreneurship Certificate
- Excel Applications Support Specialist Certificate
- Hotel and Restaurant Management Certificate
- Sport Management Certificate