3-3-4 Lecture hours per week - Lab hours per week - Credits hours Prerequisite Must take the listed course first or where indicated obtain instructor's approval Academic Course: ACGM Workforce Education Course: WECM Division: Divison of Accounting - Business Management - Office Professional - Agriculture Principles of Accounting I 5203015104 CIPCode A study of accounting concepts and their application in transaction analysis and financial statement preparation and asset and equity accounting in proprietorships and corporations. Examination on accounting cycle for service and merchandising enterprises. Emphasis in evaluating the value of financial information. Students will analyze annual financial statements and provide written communication on the financial statements. Integration of Excel and the Internet in class. Lecture-3; Lab-1; Credits-3. Academic Course

This course addresses the concepts and procedures of financial accounting and reporting for sole proprietorship, partnership, and corporate forms of organization in both service and merchandising firms. It also provides a more in-depth review of accounting for account receivables, short-term investments, inventories, plant assets, liabilities, payroll, stock transactions, dividends, and retained earnings. AC.