ACC 131 - Principles of Accounting I

Institution:

Southeastern Community College - North Carolina

Subject:

Description:

Lec. 4 Lab. 0 Credit 4 This first course in principles of accounting introduces the basic terms, concepts, principles and procedures of the double-entry system of accounting. The course is intended for students who will major in accounting or have chosen a career which requires extensive use of accounting information. It proceeds from business transactions of a monetary nature, to books of original entry, through completion of the accounting cycle, to the preparation of financial statements. Attention is then given to more specific problems encountered in a merchandising business with the introduction of special journals for sales and cash receipts, purchases and cash disbursements. The course concludes with coverage of perpetual and periodic inventory systems: accounting for cash, receivables, payables, and systems of control. Prerequisite: Appropriate placement test score.

Credits:

0.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.sccnc.edu

Phone Number:

(910) 642-7141 ext 363

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Semester

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