Mar 18, 2026  
2026-2027 college catalog 
    
2026-2027 college catalog
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ACC 101 - Principles of Financial Accounting


Credit(s): 3
Lecture Hours: 3
Lab Hours: 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.
IAI Major Course No. BUS 903
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 or Summer
Prerequisite(s): The appropriate placement exam scores or MAT 080  with a grade of C or better. ENG 095  with a grade of C or better or the appropriate placement score.
General Education: Elective Only, Not Applicable



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