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Aug 24, 2024
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Fall 2011 Course Catalog [ARCHIVED CATALOG]
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ACC 119 - Financial Accounting4 credits
A study of the theory and practice of accounting; includes procedures in the accounting cycle from journalizing, posting, and the trial balance through the preparation of financial statements, adjusting and closing entries, and the post-closing trial balance. Application of principles is made to service and merchandising enterprises. Also included are: notes and interest; deferrals and accruals; uncollectible accounts; merchandise inventory valuation; and plant assets and depreciation.
Class Hours: 5Prerequisites: MATH 093 Beginning Algebra.Pre or Corequisites: MATH 093 Beginning Algebra.
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