ACCT 1100

Principles of Bookkeeping

Credits: 3

Description: This course covers the basic accounting cycle for service and merchandising businesses. Topics include the analyses of business transactions, recording transactions in a variety of journals, payroll procedures and the preparation of financial reports. Prerequisite(s): None

Credit Breakdown: 2/1/0 (Lecture/Lab/On the job training)

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Outline

This course should help you gain the following abilities and competencies.

Core Abilities

1. Demonstrate thinking/active learning skills.
2. Demonstrate career/computation skills.

Competencies

1. Apply the accounting equation and the double-entry framework
2. Journalize and post transactions
3. Perform service and merchandising accounting functions
4. Identify and use special journals
5. Complete end of the period adjustments
6. Calculate employee earning and deductions
7. Prepare payroll journal entries and reports
8. Demonstrate knowledge of accounting procedures for cash and bank accounts
9. Demonstrate understanding of accounting theory
10. Apply accounting methods for inventory

Guidelines for Success

ADA

In compliance with the Americans with Disabilities Act, learners are encouraged to register with the Learning Services Director in the Learning Enirchment Center for assistance with accommodations. It is the learner's responsibility to voluntarily and confidentially disclose information regarding the nature and extent of a disability. The college cannot assume responsibility for providing accommodations or services to learners who have not identified themselves as having a qualifying disability.