Jul 22, 2024  
2021-2022 Catalog 
2021-2022 Catalog [ARCHIVED CATALOG]

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ACCT 114 - Introduction to Accounting II

5 credits

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.

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