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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.

Course Schedule

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

Spring; 2018; ACCOUNTING; No of Weeks : 12; Begins : 5/7/2018

 201122331Principles ACCT 1Online4Randall M$12.0031/31/0Open 
 201122367Principles ACCT 1Online4Randall M$12.0031/31/0Open 
 201122503Principles ACCT 1 4Suter R$12.0030/30/0OpenM W  09:00 AM-11:26 AM AS720
 201122504Principles ACCT 1 4Christmas C$12.0030/30/0OpenT R  01:00 PM-03:26 PM BTC370
 201122550Principles ACCT 1 4Christmas C$12.0030/30/0OpenT R  05:30 PM-07:56 PM BTC370

Winter; 2018; ACCOUNTING; No of Weeks : 12; Begins : 1/29/2018

 201112485Principles ACCT 1Online4Griffith R$12.005/31/0Open 
 201112553Principles ACCT 1 4Urso R$12.0011/30/0OpenT R  06:00 PM-08:26 PM AS710
 201116877Principles ACCT 1Hybrid4Ware J$12.0020/30/0OpenT  05:00 PM-09:51 PM AS720

Winter; 2018; ACCOUNTING; No of Weeks : 12; Begins : 1/8/2018

 201112503Principles ACCT 1 4Christmas C$12.0020/30/0OpenM W  11:00 AM-01:26 PM BTC370

Winter; 2018; ACCOUNTING; No of Weeks : 15; Begins : 1/8/2018

 201112331Principles ACCT 1Online4Griffith R$12.009/31/0Open 
 201112367Principles ACCT 1Online4Griffith R$12.004/31/0Open 
 201112504Principles ACCT 1 4Suter R$12.001/30/0OpenT R  08:00 AM-09:54 AM AS720
 201112505Principles ACCT 1 4Suter R$12.007/30/0OpenM W  10:00 AM-11:54 AM AS820
 201112506Principles ACCT 1 4Brewer J$12.004/30/0OpenT R  10:00 AM-11:54 AM AS820
 201112507Principles ACCT 1 4Ramey L$12.006/30/0OpenT R  12:30 PM-02:24 PM AS820
 201112510Principles ACCT 1 4Ramey L$12.0019/30/0OpenM W  03:00 PM-04:54 PM AS820
 201112530Principles ACCT 1 4Ramey L$12.0020/30/0OpenT R  03:00 PM-04:54 PM AS820
 201112554Principles ACCT 1 4Christmas C$12.0022/30/0OpenM W  05:30 PM-07:24 PM BTC370
 201216001Principles ACCT 1 4Humitz M$12.006/31/0OpenT R  04:00 PM-05:54 PM RC695