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Accounting Cycle (ACCT 1215)
Total Credits:
1
Lab Credits:
1
Description:
This course provides an understanding of the basic accounting cycle. You will learn to apply debits and credits, do transaction analysis, record transactions in the general journal, post to the general ledger, and record adjusting and closing entries. You will also learn to work with subsidiary ledgers and special journals.
Topical Outline:
1. Accounting Equation
2. Accounting Process Cycle
3. Adjusting Entries
4. Closing Entries
Learning Outcomes:
1. Identify key accounting terms.
2. Demonstrate the accounting process cycle.
3. Show ability to execute journal entries.
4. Create financial statements.
Prerequisites:
Placement score into
MATH 0070