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