ACCT 105 - Financial Acct I

Institution:

Massasoit Community College

Subject:

Accounting

Description:

This course is an introduction to accounting concepts and principles. Topics cover the accounting cycle, recording transactions, adjustments, the worksheet, financial statement preparation, and closing the accounts. Accounting systems, current assets, current liabilities including cash, receivables, inventories, payables, and payroll are also covered. Methods of depreciation are included. The emphasis is on the sole proprietorship form of business organization for both service and merchandising firms. Computer applications are integrated. Pre/Corequisite: Computerized Business Applications (ACCT302); or Beginning Windows (CTIM101), Beginning Word (CTIM102), and Beginning Excel (CTIM103); or Departmental Approval

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.massasoit.mass.edu

Phone Number:

(508) 588-9100

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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