ACC 111 - Principles of Accounting I

Institution:

Northern Maine Community College

Subject:

Description:

4 class hours This introductory course covers fundamental principles of accounting as related to service and merchandising sole proprietorships. Emphasis is on developing technical procedures of the accounting cycle including journalizing, posting, adjusting entries, closing books and preparing financial statements. Exposes the specific areas of deferrals and accruals, inventories, payroll, receivables, payables and accounting systems. Practical application will be through the use of sets and projects.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.nmcc.edu

Phone Number:

(207) 768-2700

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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