ACCT 114 - Introduction to Accounting II

5 credits

Prerequisites
ACCT 113 .

Theory and practice of double-entry bookkeeping and accounting for professional, service and merchandising business organizations.Introduction to accounting for purchases, cash payments, special journals and merchandise inventory.

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
Students will learn to:

Interpret merchandise inventory accounts and differentiate inventory valuations under either of the two predominate inventory systems
Analyze business transactions to implement periodic and perpetual inventory systems.
Implement multiple transactions into financial statements.
Develop financial statements for the adjusting process.