ACC 100 - Introduction to Accounting

Institution:

CUNY Hostos Community College

Subject:

Description:

(Formerly ACC 1841) 2 credits, 3 hours Pre-requisite: BUS 100 Co-requisites: MAT 020 and Sections in English: ENG 091 or ESL 091 or above; Sections in Spanish: ESL 035 The student will become familiar with the nature of accounting and recording process for business transactions, and will acquire an understanding of the complete accounting cycle for a service and merchandising business. The student will develop the ability to record business transactions in special journals, to maintain general and subsidiary ledgers, to prepare simple entries, to adjust recorded data, and to prepare financial statements commencing with the worksheet for a service business and a merchandising business. The student will study the accounting operations associated with each. The student will become familiar with accounting for payroll, develop the ability to calculate employee earnings and deductions, complete a payroll register and record accounting entries for employee earnings and deductions and for payment of the payroll. Both service and merchandise will be covered. Computerized accounting will be emphasized through the use of computerized general ledger software.

Credits:

2.00

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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