Academic Courses
Course Descriptions
| Course | Course Title | Credit Hours |
|---|---|---|
| ACCT 103 | Introduction to Accounting | (4-0) 4 Cr. Hrs. |
Course Description
In this course you will learn about the basic accounting cycle for a sole proprietorship in the service or merchandising industry. You will account for cash, sales, purchases, payroll and payroll taxes.
Prerequisites
(A requirement that must be completed before taking this course.)
- None.
Course Competencies
Upon successful completion of the course, the student should be able to:
- Explain the role of accounting in a business.
- Analyze business transactions using the accounting equation.
- Apply the rules of debits and credits to business transactions.
- Prepare journal entries.
- Prepare an income statement.
- Prepare a statement of owner's equity.
- Prepare a balance sheet.
- Complete the accounting cycle for a service company.
- Prepare bank reconciliations.
- Calculate payroll and related payroll taxes.
- Process payroll transactions.
- Process transactions using special journals and subsidiary ledgers.
- Complete the accounting cycle for a merchandising company.
Note: This course may not be offered every semester.
Please check the ACCT section of the current course schedule for availability.