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; and
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)