Sep 27, 2023  
2023-2024 General Catalog 
2023-2024 General Catalog
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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:

  1. Comprehension of the accounting cycle
    1. Analyze, record, and summarize basic business transaction primarily from a non-corporate view
    2. Prepare adjusting entries with optional usage of a worksheet
    3. Prepare basic financial statements
    4. Prepare closing entries
  2. Prepare bank reconciliation and understand how to control cash
  3. Calculate and process basic payroll
  4. Prepare an amortization schedule for a basic loan
  5. Utilize computer software to perform the accounting cycle of a business
  6. Prepare a business plan and forms to start a new business

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