Fall Semester 2021 Catalog

ACCT 1100 FINANCIAL ACCOUNTING I

Credits

4

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.

Lecture Hours

45

Lab Hours

30

Prerequisite

Advisor Approval or Program admission

Corequisite

None