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Accounting Cycle (ACCT 1215)

Total Credits: 2
Lab Credits: 2

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 how to create financial statements.

Topical Outline:
1. Accounting Equation
2. Accounting Process Cycle
3. Adjusting Entries
4. Closing Entries
5. Financial Statements

Learning Outcomes:
1. Identify key accounting terms
2. Demonstrate the accounting process cycle
3. Show ability to execute journal entries
4. Create financial statements
5. Communicate effectively with the diverse population in the accounting program and in the workforce

Prerequisites:  Placement into MATH 0070