BU 121 - Accounting I

Institution:

Fulton-Montgomery Community College

Subject:

Description:

This course serves as an introduction to financial accounting. This course introduces the concept of transaction analysis, the accounting cycle, double entry bookkeeping and the creation of financial statements (Income Statement, Statement of Owner's Equity and the Balance Sheet). Specific Balance Sheet accounts and their corresponding impact on the Income Statement are examined in detail including Cash, Inventory, Accounts Receivables, Notes Receivable, and Fixed Assets. Emphasis is on sole proprietorship. Hours of class per week: 4.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

fmcc.edu

Phone Number:

(518) 762-4651

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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