ACC 101 - Accounting I

Institution:

CUNY Hostos Community College

Subject:

Description:

(Formerly ACC 1842) 3 credits, 3 hours Pre-requisite: ACC 100 Co-requisites: ENG 091 or ESL 091 or above The student will study the accounting operations associated with employer payroll taxes and reports. The student will become familiar with accounting for notes payable and notes receivable and interest, and accounting for bad debts. The student will study the accounting processes associated with merchandise inventories, accounting for plant assets and depreciation and accounting for accruals and deferrals.The student will study the accounting process associated with corporate formation and paid-in capital. In addition, the student will develop the ability to analyze and calculate the effects of operating, investing and financing activities on cash and prepare a statement of cash flow. The student will be required to complete a computerized practice set for a corporation.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.hostos.cuny.edu

Phone Number:

(718) 518-4444

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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