BU 121 - Accounting Principles I

Credit Hours: 4

A comprehensive study of the basic elements of accounting with the completion of a practice set of books for a representative business concern including cost receipts and payments, payroll, petty cash, purchases and sales records, accounts receivable, operational assets, accounts payable and the preparation of a financial statement, with a laboratory period at the option of the instructor.

Course Outcomes
Upon completion of this course, the student will be able to keep a simple set of manual books for a small business and demonstrate familiarity with the accounting cycle. The course will give the student the skill sets needed to perform adequately in Accounting Principles II, Computerized Accounting, Taxation and other courses requiring a moderate background in accounting terminology and processes.

F/S (C, N, S)