ACCT 1005 - Practical Accounting I

Credits: 3
This is a basic course in accounting with a focus on the accounting cycle and financial statements. Students will learn to use double entry accounting procedures in a scenario of a service business as a sole proprietorship. Specific areas covered include: analyzing transactions, financial statements, using the general journal and general ledger, adjustments, worksheets, closing entries, special journals and payroll. (This course is designed for students seeking an A. A. S. degree or certificate in the Office Information Systems program or the Medical Office Assistant program.)