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: ABED 40 or AHSE 56 (or placement into MATH 87 or AHSE 66 or higher) and ENGL 93 (or placement into ENGL 99 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