ACCB 129L Introduction to Bookkeeping Lab*

This lab will provide students with hands-on experience creating business financial statements using the entire accounting cycle.

Credits

1 Credit

Semester Contact Hours Lab

30

Corequisite

ACCB 129

ACCB 129LIntroduction to Bookkeeping Lab*

Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.

I. General Information

Department

Business

II. Course Specification

Course Type

Program Requirement

Credit Hours Narrative

1 Credit

Semester Contact Hours Lab

30

Corequisite Narrative

ACCB 129

Grading Method

Letter grade

Repeatable

N

III. Catalog Course Description

This lab will provide students with hands-on experience creating business financial statements using the entire accounting cycle.

IV. Student Learning Outcomes

Upon completion of this course, a student will be able to:

• Demonstrate how to post routine business transactions to general and subsidiary ledgers
• Demonstrate how to complete adjusting and closing entries using a worksheet
• Demonstrate how to prepare basic financial statements
• Demonstrate how to account for purchase and sale of merchandise
• Demonstrate how to complete the accounting cycle in its entirety
• Demonstrate how cash is accounted for, including petty cash and preparing bank reconciliations.
• Demonstrate how to prepare classified financial statements.
• Demonstrate how to calculate employee wages, deductions, and net earnings.
• Record payroll transactions including payments of federal tax deposits.

V. Topical Outline (Course Content)

Accounting Concepts and Procedures Debits and credits: Analyzing and Recording Business Transactions Beginning the Accounting Cycle The Accounting Cycle Continued The Accounting Cycle Completed Bank Procedure and Control of Cash Calculating Pay and Payroll Taxes: The Beginning of the Payroll Process Paying, Recording, and Reporting Payroll and Payroll Taxes: The Conclusion of the Payroll Process Sales and Cash Receipts Purchases and Cash Payments Preparing a Worksheet for a Merchandise Company Completion of the Accounting Cycle for a Merchandise Company

VI. Delivery Methodologies

Required Assignments

One Comprehensive problem from each chapter listed above.

Required Text

College Accounting: A Practical Approach Slater 13th Edition Workbook that goes with above mentioned textbook MyAccountingLab

Required Activities

Merchandising Business Practice Set

Assessment Strategy Narrative

Merchandising Business Practice Set

Specific Course Activity Assignment or Assessment Requirements

One Comprehensive problem from each chapter listed above. Merchandising Business Practice Set