Catalog 2022-2023 
    
    May 18, 2024  
Catalog 2022-2023 [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 93  (or placement into ENGL 99  or higher) and ABED 40  (or placement into MATH 87  or higher)

Course Outcomes
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

Program Outcomes
This course teaches to the following program outcomes:

  • apply manual methods and software tools to prepare accounting statements and reports
  • complete the accounting cycle, including end-of-period adjustments

Total Hours: 50 Theory (Lecture) Hours: 50