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 business organizations. Coverage of both cash and accrual systems with preparation of worksheets, adjusting and closing 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

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