ACCB 130 Principles of Bookkeeping I
This course is a continuation of ACCB 129: Introduction to Bookkeeping. This course covers accounting for bad debts, notes receivable, notes payable, valuation of inventories, and valuation of plant and equipment.
ACCB 130Principles of Bookkeeping I
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
II. Course Specification
Course Type
Program Requirement
Credit Hours Narrative
3 Credits
Semester Contact Hours Lecture
45
Semester Contact Hours Lab
0
Semester Contact Hours Clinical
0
Prerequisite Narrative
ACCB 129 and ACCB 129L
III. Catalog Course Description
This course is a continuation of ACCB 129: Introduction to Bookkeeping. This course covers accounting for bad debts, notes receivable, notes payable, valuation of inventories, and valuation of plant and equipment.
IV. Student Learning Outcomes
Upon completion of this course, a student will be able to:
- Do interest calculations on notes receivables and notes payables and journalize entries to record notes, discount notes, interest income, and interest expense.
- Properly account for property, plant, equipment, and intangible assets including calculating depreciation using various methods.
- Understand accrual accounting and journalize bad transactions using the allowance method and the direct write-off methods.
- Understand how to properly account for merchandise inventory for a perpetual and periodic inventory system.
V. Topical Outline (Course Content)
VI. Delivery Methodologies