ACCT 101 Survey of Accounting (5 credits)
Formerly ACCNT 101
Course Description
Fundamental theories and concepts of accounting. Emphasizes applications of accounting information to various career programs such as Management and Computer Information Systems.
Course Content
A. Elements of Financial Statements
B. Accounting for Accruals and Deferrals
C. The Recording Process
D. Internal Control and Accounting for Cash
E. Accounting for Receivables and Payables
Student Outcomes
1. Define accounting and its role in the business world.
2. Analyze, journalize, and post transactions using a double-entry accounting system in a sole proprietorship.
3. Perform basic accounting tasks such as adjusting and closing entries in accordance with prevalent accounting practice and GAAP(Generally Accepted Accounting Principles).
4. Generate end-of-period worksheets and statements.
5. Explain professional ethics in accounting and demonstrate ethical behavior as accounting and bookkeeping tasks are performed.
Degree Outcomes
Program Outcome: Possess knowledge of and be ready to perform basic functions of bookkeeping/accounting procedures and duties as required in the entry level bookkeeping/accounting positions.
Information Competency: Graduates will be able to seek, find, evaluate and use information and employ information technology to engage in lifelong learning.
Lecture Contact Hours 50
Lab Contact Hours 0
Clinical Contact Hours 0
Total Contact Hours 50
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