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Lake Washington Institute of Technology    
  Jan 23, 2018
Catalog 2016-2017 [ARCHIVED CATALOG]

ACCT 111 Introduction to Accounting I

5 credits
This is an introductory course emphasizing double entry bookkeeping for a sole proprietor. Students learn how to record business transactions, detect and correct errors, and prepare financial statements. A practice set provides the opportunity to maintain records for a business.

Prerequisites: ENGL 093  (or equivalent placement score for ENGL 099  or higher) and ABED 040  (or equivalent placement score for MATH 087  or higher)

Quarters Offered: All

Student Outcomes/Competencies:
Upon successful completion of this course students will be able to:

  • Demonstrate mastery in the language of accounting
  • Properly record business transactions for a sole proprietor
  • Prepare financial statements
  • Compile data for worksheets, adjusting, and closing.
  • Complete a practice set applying accounting principles learned
  • Participate in an accounting team to record financial transactions and report results of analysis