ACCT 1100 Financial Accounting I

Introduces the basic financial accounting concepts of the complete accounting cycle and provides the student with the necessary skills to maintain a set of books for a sole proprietorship. Topics include: accounting vocabulary and concepts, the accounting cycle for a personal service business, the accounting cycle for a merchandising business, inventory, cash control and receivables. Laboratory work demonstrates theory presented in class.

Credits

4

Prerequisite

MATH AND COMP 1000 - Introduction to Computer Literacy with a grade of "C" or better; Program Admission

Corequisite

None

Lab Contact Hours

30

Lecture Contact Hours

45

Total Contact Hours

75