Course Description
The student will demonstrate a knowledge of basic accounting principles and procedures. He or she will be able to maintain basic accounting records for a small business operation. Emphasis will be on service-oriented businesses. (This course will not count toward the accounting requirements of a transfer program or of the Accounting occupational program. Accounting majors should enroll in ACCT 1514.)
At the end of this course, students will be able to:
- Analyze and record accounting activity
- Understand need and content of financial statements
- Complete the accounting cycle
- Accomplish payroll records
- Complete accounting records and books for a small business
- Complete computerized accounting problems
Topical Outline
1. Accounting the Language of Business
2. Analyzing Business Transactions
3. Analyze Business Transactions using T-accounts
4. The general journal and ledger
5. Adjustments and the work sheet
6. Closing entries and the post-closing trial balance
7. Accounting for sales, accounts receivable, and cash receipts
8. Accounting for purchases, accounts payable and cash payments
9. Cash
10. Payroll computations, records and payment
11. Payroll taxes, deposits, and reports
12. Accrual, deferrals and the worksheet
13. Financial statements and the closing procedures
2. Analyzing Business Transactions
3. Analyze Business Transactions using T-accounts
4. The general journal and ledger
5. Adjustments and the work sheet
6. Closing entries and the post-closing trial balance
7. Accounting for sales, accounts receivable, and cash receipts
8. Accounting for purchases, accounts payable and cash payments
9. Cash
10. Payroll computations, records and payment
11. Payroll taxes, deposits, and reports
12. Accrual, deferrals and the worksheet
13. Financial statements and the closing procedures