ACC 101 - Principles of Financial Accounting

Credit(s): 3
Lecture/Lab Contact Hours: 3, 0

This is the first of a two course sequence designed to prepare students for a major in accounting. This course presents the following topics: concept of double-entry accounting, completing the accounting cycle, preparing financial statements, accounting for cash and charge transactions, accruals and deferrals, depreciation of physical assets, allowing for doubtful accounts, accounting for receivables and payables, inventories, payroll accounting, systems and controls, and concepts and principles.
Applicable toward graduation at Sandburg where program structure permits:
Degree or Certificate: AA, AS, AAS, AGS, and Certificates where applicable (1.1)

Offered: Fall or Spring
Prerequisite(s): ENG 097 with a grade of C or placement in ENG 101., MAT 080 with a grade of C or better (2) or placement into, MAT 083 or higher (including BOC 100).
General Education: Not Applicable, Elective Only