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Nov 21, 2024
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ACC 111 - Introduction to 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:
In this course you will learn how to analyze, record and summarize basic business transactions, utilize a worksheet to summarize adjustments, prepare basic financial statements for a service-oriented enterprise, and prepare closing entries. In addition, you will learn how to prepare bank reconciliations, and how to calculate and prepare payroll.
Prerequisites/Corequisites: None
Mode(s) of Instruction: traditional/face-to-face, and/or online
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
- Differentiate accounting for merchandising from the buyer and seller perspectives
- Describe the importance of controlling cash and preparing a bank reconciliation.
- Calculate, and journalize basic payroll entries
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