ACCT 113 - Accounting and Financial Reporting I

Institution:

Connecticut State Community College Manchester

Subject:

Description:

This course is an introduction to accounting as the language of business and the need for accounting in the business world. Students will develop an understanding of the concepts and usage of assets, liabilities, equity, revenue and expense accounts. The student will be introduced to accounting procedures necessary to prepare financial statements utilizing current concepts and accounting principles. This includes journalizing transactions, trial balance, adjustments, closing entries, inventory, accounts receivable and payable, special journals, payroll, cash receipts, disbursements and banking procedures.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.mcc.commnet.edu/

Phone Number:

(860) 512-3000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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