Dec 05, 2021  
Fall 2021 - Summer 2022 Academic Catalog 
    
Fall 2021 - Summer 2022 Academic Catalog

ACC 119 - Financial Accounting

4 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.

Prerequisites: Math Level 1-Ready  
Pre or Corequisites: CIS 110 - Computer Information Systems