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Apr 24, 2024
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ACC 501 - Entrepreneurial Accounting
Course Department: Business
Last Date of Approval: Fall 2022
3 Credits
Total Lecture Hours: 45
Total Lab Hours: 0
Total Clinical Hours: 0
Total Work-Based Experience Hours: 0
Course Description:
This course provides the knowledge of accounting procedures and best practices to possess the skills businesses require to thrive in a competitive environment.
Prerequisites/Corequisites: None
Mode(s) of Instruction: Traditional/Face-to-Face
Credit for Prior Learning: There are no Credit for prior Learning opportunities for this course.
Course Fees: There is a $124.99 course fee which includes all courses that utilize the Cengage products.
Common Course Assessment(s): None
Student Learning Outcomes and Objectives:
- Comprehension of the accounting cycle
- Analyze, record, and summarize basic business transaction primarily from a non-corporate view
- Prepare adjusting entries with optional usage of a worksheet
- Prepare basic financial statements
- Prepare closing entries
- Prepare bank reconciliation and understand how to control cash
- Calculate and process basic payroll
- Prepare an amortization schedule for a basic loan
- Utilize computer software to perform the accounting cycle of a business
- Prepare a business plan and forms to start a new business
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