ACCT 113 - Introduction to Accounting I

5 credits

Prerequisites
READ 090, completion of or current enrollment in MATH 070 or instructor permission.

Theory and practice of double-entry bookkeeping and accounting for professional, service and merchandising business organizations. Coverage of both cash and accrual systems with preparation of worksheets, adjusting and closing entries, reversing entries, and financial statements.

Theory Hours
5 theory hours.

Vocational Program Course
Vocational program course.

AA General Elective
May be used as a general elective in the AA degree.

Course Outcomes

Learn the basic accounting equation and it components
Explain the importance of business transactions and accounting measurement
Demonstrate the ability to record common business transactions
Understand the steps in the accounting cycle and identify and use the typical elements in a manual accounting system
Produce and interpret basic financial reports

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