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, valuation of plant and equipment, and partnerships. 

Credits

3 Credits

Semester Contact Hours Lecture

45

Semester Contact Hours Lab

0

Semester Contact Hours Clinical

0

Prerequisite

ACCB 129 and ACCB 129L

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

Department

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, valuation of plant and equipment, and partnerships. 

IV. Student Learning Outcomes

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

• Demonstrate proper accounting for partnerships including journalizing entries to form a partnership and entries to record division of net income or net loss.
• 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

Specific Course Activity Assignment or Assessment Requirements

Accounting for Bad Debts Notes Receivable and Notes Payable Accounting for Merchandise Inventory Accounting for Property, Plant, Equipment, and Intangible Assets Partnership Accounting Chapter homework associated with each Chapters 13-17 Smith Computer Center Accounting Set College Accounting: A Practical Approach Slater 13th Edition MyAccountingLab