ACC 100 - Introduction to Accounting

Credits: 3
3 Lecture Hours

Description
This course introduces the fundamental concepts, procedures and terminology of accounting. Students learn the basic principles of the accounting cycle such as analyzing transactions, journal entries, worksheets, adjustments and closing entries. Bank reconciliations and petty cash processes are reviewed. This course is aimed toward students who have not had previous exposure to accounting principles. Students who have passed ACC 104 or higher may not schedule this course. This course may not be taken concurrently with ACC 104.

Learning Outcomes
Upon successful completion of the course, the student will:

Define accounting terminology.
Prepare entries in the general journal and the general ledger.
Construct a worksheet.
Generate financial statements including balance sheets and income statements.
Reconcile bank statements to the general ledger’s cash account.
Manage petty cash funds.

Listed Topics

The accounting equation
Transactions using debits and credits
General journal entries and general ledger
Trial balance
Worksheets and adjusting entries
Financial statements such as balance sheets, income statements and statements of owner’s equity
Closing entries and the post-closing trial balance
Bank reconciliation
Petty cash procedures

Reference Materials
Current textbook.
Supplementary materials such as working papers, study guides, videos, handouts, library resources.

Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals:

Critical Thinking & Problem Solving
Information Literacy
Quantitative & Scientific Reasoning

Approved By: Dr. Quintin B. Bullock Date Approved: 04/24/2020
Last Reviewed: 04/24/2020

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