Applied Accounting I
Standard letter grades
Contact hours total
Prerequisites with concurrency
MTH 060 (or higher) or minimum placement Math Level 10.
Designed to acquaint students with the basic functions of the bookkeeping and accounting process--journalizing transactions into the journal, posting to the general ledger, analyzing and adjusting the ledger, preparing simple financial statements for a service business and gaining an understanding and working knowledge of the overall payroll function. No previous accounting is required.
1. Identify key accounting terms as they apply to sole proprietorships and service industry organizations.
2. Describe the basic accounting cycle process.
3. Journalize business transactions, post to the general ledger, and create adjusting entries.
4. Create and analyze basic financial statements.
Intro to Accounting
Cash – Appendix Internal Controls
Appendix Internal Controls Review
Required textbook, online access, and specified calculator.
This course is assessed through homework, midterm exams, comprehensive accounting problem, participation and a final exam.