ACC 114 — Principles of Accounting I
This introductory course covers the fundamental principles ofaccounting as related to a service and/or merchandising soleproprietorship. Emphasis is on developing technical procedures of theaccounting cycle including journalizing, posting, adjusting entries,closing books and preparing financial statements. This course exposesthe student to specific areas of deferrals and accruals, inventories,payrolls, receivables, payables, and accounting systems. Practicalapplication will be implemented using a computerized homeworksystem and a comprehensive problem.