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Course Description

Accounting - ACCT 201

Principles of Accounting 1 (4-0) 4 Cr. Hrs.

Course Description

In this course, you will learn the principles of accounting with emphasis on the accounting cycle for a sole proprietorship in the service and merchandising business. You will apply internal controls to an accounting system, account for cash, accounts receivable, bad debts, inventories, long lived assets, current liabilities and payroll. In addition, you will demonstrate how to account for partnerships. This course will integrate a Web-based learning system which requires the use of a computer to complete some of the learning activities and assessments. This course MAY also include the use of Excel.


(A requirement that must be completed before taking this course.)

  • None

Course Competencies

Upon successful completion of the course, the student should be able to:

  • Explain the importance of ethical decisions in financial reporting.
  • Explain the role of accounting in a business.
  • Analyze business transactions using the accounting equation.
  • Apply the rules of debits and credits.
  • Prepare journal entries for business transactions, adjustments and closings.
  • Prepare financial statements.
  • Compute cost of goods sold and ending inventory.
  • Process transactions using special journals and subsidiary ledgers.
  • Determine the effects of errors on the financial statements.
  • Apply internal control principles.
  • Estimate uncollectible account expense using two different approaches.
  • Apply current accounting principles to long lived assets.
  • Apply current accounting principles to current liabilities and payroll.
  • Demonstrate partnership accounting.
  • Compute ratios.
  • test

Course Schedule

 CourseSectionCourse TitleModeCredit HoursInstructorsFeeSeats Available ⁄Capacity ⁄WaitlistStatusDays-Time-Room

Fall; 2017; ACCOUNTING; No of Weeks : 12; Begins : 9/19/2017

 201142361Principles ACCT 1Online4Randall M$12.0020/31/0Open
 201142471Principles ACCT 1Online4Randall M$12.0028/31/0Open

Fall; 2017; ACCOUNTING; No of Weeks : 15; Begins : 8/28/2017

 201142331Principles ACCT 1Online4Randall M$12.001/31/0Open
 201142385Principles ACCT 1Online4Randall M$12.0026/31/0Open
 201142501Principles ACCT 1 4Ramey L$12.0028/30/0Open
T R 03:00 PM-04:54 PMAS820
 201142502Principles ACCT 1 4Suter R$12.0020/30/0Open
M W 08:00 AM-09:54 AMAS720
 201142503Principles ACCT 1 4Suter R$12.0014/30/0Open
M W 10:00 AM-11:54 AMAS720
 201142504Principles ACCT 1 4Ware J$12.0013/30/0Open
T R 08:00 AM-09:54 AMAS720
 201142505Principles ACCT 1 4Suter R$12.0019/30/0Open
M W 12:30 PM-02:24 PMAS830
 201142506Principles ACCT 1 4Randall M$12.007/30/0Open
T R 10:00 AM-11:54 AMAS720
 201142508Principles ACCT 1 4Ramey L$12.0023/30/0Open
T R 12:30 PM-02:24 PMAS820
 201142530Principles ACCT 1 4Ramey L$12.0025/30/0Open
M W 03:00 PM-04:54 PMAS820
 201142551Principles ACCT 1 4Sadowski M$12.0012/30/0Open
W 05:30 PM-09:24 PMAS720
 201142553Principles ACCT 1 4Christmas C$12.0026/30/0Open
T R 05:30 PM-07:24 PMAS710
 201142556Principles ACCT 1 4Griffith R$12.0024/30/0Open
M W 07:00 PM-08:54 PMAS820
 201142562Principles ACCT 1 4Griffith R$12.0027/30/0Open
M W 05:00 PM-06:54 PMAS820
 201246250Principles ACCT 1 4Christmas C$12.0029/31/0Open
F 06:00 PM-09:54 PMRC255

Spring; 2017; ACCOUNTING; No of Weeks : 12; Begins : 5/8/2017

 201122331Principles ACCT 1Online4Randall M$12.005/31/6Open
 201122367Principles ACCT 1Online4Randall M$12.008/31/0Open
 201122503Principles ACCT 1 4Suter R$12.006/30/0Open
M W 09:00 AM-11:26 AMAS720
 201122504Principles ACCT 1 4Christmas C$12.0017/30/0Open
T R 01:00 PM-03:26 PMBTC370
 201122550Principles ACCT 1 4Christmas C$12.0016/30/0Open
T R 05:30 PM-07:56 PMBTC370