ACCT 1100 - Principles of Accounting, Part I

Institution:

Louisiana State University Eunice

Subject:

Description:

CAMPUS NAME AND ADDRESS: (To be completed by the Louisiana Technical College Campus) CIP CODE: 520302 CREDIT HOURS (Lecture/Lab/Total): 1/2/3 CONTACT HOURS (Total): 75 CLASS LOCATION: ( To be completed by the Louisiana Technical College Campus) INSTRUCTOR INFORMATION: (To be completed by the Louisiana Technical College Campus) COURSE DESCRIPTION: Fundamental principles of double-entry accounting, with emphasis on journalizing, posting, and the preparation of financial statements; also accounting for cash and work at close of the fiscal period using the cash and accrual basis for a service enterprise. PREREQUISITES: Non COURSE OBJECTIVES: Demonstrate a working knowledge of course terminology. Demonstrate knowledge of the nature and purpose of accounting. Define fundamental accounting terms. Define users of accounting. Understand the accounting equation. Demonstrate knowledge of the cash basis, modified cash, and accrual basis Understand and perform the steps involved in the accounting cycle for a service enterprise. Journalize transactions. Post to ledger accounts. Prepare a trial balance. Complete an end-of-period worksheet. Prepare financial statements. Complete a periodic summary. Complete a practice set with or without the use of a computer. Demonstrate knowledge of accounting for cash and cash items. a) Maintain petty cash records. Prepare bank reconciliation. Demonstrate knowledge of simple payroll procedures. (Optional placement - Acct. 1100 or 1200) Calculate employee earnings and deductions. Journalize and post employee earnings and deductions. Calculate employer payroll taxes expense. Journalize and post employer payroll taxes expense. 6. Demonstrate knowledge of combination journal. TEXTBOOKS AND OTHER MATERIALS: ( To be completed by the Louisiana Technical College Campus) ATTENDANCE POLICY: EVALUATION AND GRADING: (To be completed by the Louisiana Technical College Campus.) ACADEMIC HONESTY: Plagiarism, cheating, and other forms of academic dishonesty are prohibited. In addition to other possible disciplinary sanctions, which may be imposed through the regular institutional procedures as a result of academic misconduct, your instructor will assign a zero for the exercise or examination that evidences academic misconduct for the first offense and assign an "F" for the course for repeated offenses.STUDENTS WITH DISABILITIES: The Louisiana Technical College complies with Section 504 and the Americans with Disabilities Act. Students with disabilities who seek accommodations must make their requests known by contacting the Disabilities Coordinator at the beginning of each semester. If a disability is identified later in the semester, a non-retroactive accommodation plan will be developed. COURSE SCHEDULE: (To be completed by the Louisiana Technical College Campus)

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.lsue.edu

Phone Number:

(337) 457-7311

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Semester

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