ACCB 129 Introduction to Bookkeeping*

This course is an introduction to accounting procedures for individual proprietorship businesses. Emphasis is on the accounting cycle, double-entry accounting, payroll, and procedures for handling transactions associated with both service and merchandising businesses. Students will practice proper accounting procedures manually and/or on spreadsheet software. It is also helpful to those who want to upgrade business skills for improved employability.

Credits

3 Credits

Corequisite

ACCB 129L

ACCB 129Introduction to Bookkeeping*

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

3 Credits

Semester Contact Hours Lecture

48

Corequisite Narrative

ACCB 129L

Grading Method

Letter grade

Repeatable

N

III. Catalog Course Description

This course is an introduction to accounting procedures for individual proprietorship businesses. Emphasis is on the accounting cycle, double-entry accounting, payroll, and procedures for handling transactions associated with both service and merchandising businesses. Students will practice proper accounting procedures manually and/or on spreadsheet software. It is also helpful to those who want to upgrade business skills for improved employability.

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

Chapter homework associated with each Chapter 1-12

Required Exams

Chapter tests as needed Final Exam-Comprehensive

Required Text

College Accounting: A practical approach, Slater 13th EditionWorkbook which goes with above mentioned textbookMyAccounting Lab

Assessment Strategy Narrative

Required Comprehensive Final

Specific Course Activity Assignment or Assessment Requirements

Chapter homework associated with each Chapter 1-12 Chapter tests as needed Final Exam-Comprehensive