ACCT 161 — Principles of Accounting I
This course begins by discussing the accounting cycle of a service business and continues with topics concerning merchandising operations. Students will learn to record journal entries, post transactions to a ledger, prepare various financial statements, and close accounts. This course details various transactions related to assets, such as inventory management, cash handling, accounts receivable, sale of assets, intangible assets, and depreciation. It is highly recommended that students enrolling in this course have taken high school algebra. Code 3 course fee.