Principles Accounting I (ACC 111)

Term: 2018-2019 AY Fall

Faculty

Dwight M ClaytonShow MyInfo popup for Dwight M Clayton

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Shannon M CookShow MyInfo popup for Shannon M Cook

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Erica J LovelyShow MyInfo popup for Erica J Lovely

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Description

This introductory course covers fundamental principles of accounting as related to service and merchandising sole proprietorships. Emphasis is on developing technical procedures of the accounting cycle including journalizing, posting, adjusting entries, closing books and preparing financial statements. The course exposes the specific areas of deferrals and accruals, inventory, payroll, receivables, payables, and accounting systems. Practical application will be through the use of a computerized homework system and projects. Prerequisite(s): None Corequisite(s): None