AC 1003 - Financial Accounting I Lecture

Institution:

East Central College

Subject:

Description:

(3.0 hours) A study of basic principles and procedures of double-entry accounting for service and merchandising businesses. Includes the complete accounting cycle, special journals, deferrals, accruals, payroll, other current liabilities and an introduction to receivables and inventories. There will be some basic analysis of fi nancial statements. Most problems will be solved using general ledger and spreadsheet software. Lab is required for all vocational accounting majors and recommended for all other students. Corequisite of AC 1011 is recommended. Prerequisite: None

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.eastcentral.edu

Phone Number:

(636) 583-5193

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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