ACCT 114 - Introduction to Accounting II

5 credits

Recommended Preparation
BTECH 102

Prerequisites
ACCT 113.

Introduction to financial accounting for businesses, including the accounting cycle, measurement of income and expenses, merchandising transactions, and preparation of classified financial statements. Emphasis is placed on the preparation and interrelationships of 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

Analyze and apply accounting principles to record, classify, and evaluate sales transactions, including discounts, returns, and allowances.
Demonstrate the ability to journalize purchases, interpret transactions, and assess their impact on financial reporting and business obligations
Construct classified financial statements by organizing, analyzing, and presenting financial data in accordance with accounting standards
Apply fundamental accounting concepts related to payroll and taxation in a business context.