The information presented is an unofficial guide to how courses may transfer. Other factors to consider are grades received in the courses, the year in which the course was taken, and the major pursued after transfer. In all instances, final decisions about acceptance of course credit will be made by Delaware County Community College.
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An introduction to the fundamental principles, theory, and concepts of accounting and their relationship to the accounting cycle. Accounting concepts and practices in the recording process, the accounting cycle and fi nancial statement preparation and interpretation. Fundamental principles of recording business transactions as applied to single proprietorships, corporate and merchandising enterprises and the analysis of transactions and the preparation of fi nancial statements.
- Credits
- 3.00
View more information about Manor College
- Location
- Jenkintown, Pennsylvania
- Phone
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(215) 885-2360
Call Manor College
Manor College is regionally accredited by the Middle States Commission on Higher Education (MSCHE)
Manor College is on a Semester calendar system
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This course provides students with a comprehensive treatment of the complete accounting cycle for both service and merchandising businesses in accordance with Generally Accepted Accounting Principles (GAAP). The course also focuses on accounting systems, concepts, issues and the preparation and analysis of financial statements. Upon completion of this course, students should be able to: Perform all the steps of the accounting cycle in accordance with GAAP for service and merchandising businesses. Prepare financial statements for sole proprietorships, partnerships and corporations. Calculate quantities and dollar amounts of merchandise inventory and cost of goods sold using GAAP and IRS methodologies. Provide for uncollectible accounts receivable and calculate the estimated amount of accounts receivable that will ultimately be collected. Calculate depreciation, depletion and amortization, and calculate the book value of plant and intangible assets. Broadly describe the principles of internal control over assets and the accounting profession's Code of Ethics. Discuss the income tax consequences resulting from the use of alternate GAAP methodologies. Describe the differences among cash, accrual and other comprehensive bases of accounting. Make calculations and prepare journal entries for various end-of-period adjustments. Make calculations and prepare journal entries for the issuance and redemption of debt and equity securities by corporations.
- Credits
- 3.00
View more information about Delaware County Community College
- Location
- Media, Pennsylvania
- Phone
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(610) 359-5000
Call Delaware County Community College
- Email
- admiss@dccc.edu
Delaware County Community College is regionally accredited by the Middle States Commission on Higher Education (MSCHE)
Delaware County Community College is on a Semester calendar system
Minimum Grade
You need a minimum grade of D to transfer these courses from Manor College to Delaware County Community College.
This equivalency has additional information that may be relevant to you.
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