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

Accounting concepts and their application in transaction analysis and financial statement preparation; analysis of financial statements; and asset and equity accounting in proprietorships, partnerships, and corporations. Introduction to cost behavior, budgeting, responsibility accounting, cost control, and product costing. Emphasis on financial accounting. Accounting procedures and practices; the theory of accounts; the accounting cycle; preparation of classified financial statements; internal control; notes and interest; inventory systems; depreciation; payroll; accounting systems and concepts. Three lecture hours per week. TSI Requirement: M1; R1; W0. Prerequisite: None