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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.


  • CIS 120 .
  • MATH 45 orACCT 103 or minimum score of 16 ACT-Math, 22 SAT-Math, 60 CPT-Arithmetic or 240 NGA-Arithmetic.
  • COLLS 50 orACCT 103 or minimum score of 15 ACT-Reading, 22 SAT-Reading, 57 CPT-Reading Comprehension or 237 NGA-Reading.

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 HoursInstructorsSeats Available ⁄Capacity ⁄WaitlistStatusFeeDays-Time-Room

Fall; 2019; ACCOUNTING; No of Weeks : 12; Begins : 09/17/2019

 201142361Principles ACCT 1Online4Griffith R9/31/0Open$12.00 
 201142471Principles ACCT 1Online4Griffith R12/31/0Open$12.00 
 201142990Principles ACCT 1Online4Randall M14/31/0Open$12.00 

Fall; 2019; ACCOUNTING; No of Weeks : 15; Begins : 08/27/2019

 201142331Principles ACCT 1Online4Randall M7/31/0Open$12.00 
 201142385Principles ACCT 1Online4Randall M11/31/0Open$12.00 
 201142501Principles ACCT 1 4Sadowski M4/30/0Open$12.00T R  03:00 PM-04:54 PM AS820
 201142502Principles ACCT 1 4Suter R4/30/0Open$12.00M W  08:00 AM-09:54 AM AS720
 201142503Principles ACCT 1 4Suter R2/30/0Open$12.00M W  10:00 AM-11:54 AM AS720
 201142505Principles ACCT 1 4Suter R6/30/0Open$12.00M W  12:30 PM-02:24 PM AS830
 201142506Principles ACCT 1 4Randall M9/30/0Open$12.00T R  10:00 AM-11:54 AM AS720
 201142508Principles ACCT 1 4Sadowski M1/30/0Open$12.00T R  12:30 PM-02:24 PM AS820
 201142551Principles ACCT 1 4Urso R24/30/0Open$12.00W  05:30 PM-09:24 PM AS720
 201142553Principles ACCT 1 4Urso R25/31/0Open$12.00T R  05:30 PM-07:24 PM BTC370
 201142556Principles ACCT 1 4Brewer J20/30/0Open$12.00M W  07:00 PM-08:54 PM AS820
 201142562Principles ACCT 1 4Sviland M20/30/0Open$12.00M W  05:00 PM-06:54 PM AS820
 201246250Principles ACCT 1 4Perpich E28/31/0Open$12.00F  06:00 PM-09:54 PM RC690

Winter; 2020; ACCOUNTING; No of Weeks : 12; Begins : 01/11/2020

 201112503Principles ACCT 1 4Cameron D25/30/0Open$12.00M W  11:00 AM-01:26 PM BTC370

Winter; 2020; ACCOUNTING; No of Weeks : 12; Begins : 02/01/2020

 201112485Principles ACCT 1Online4Griffith R29/31/0Open$12.00 
 201112553Principles ACCT 1 4Schwartz J28/30/0Open$12.00T R  06:00 PM-08:26 PM AS710

Winter; 2020; ACCOUNTING; No of Weeks : 15; Begins : 01/11/2020

 201112331Principles ACCT 1Online4Randall M21/31/0Open$12.00 
 201112367Principles ACCT 1Online4Griffith R19/31/0Open$12.00 
 201112504Principles ACCT 1 4Urso R25/30/0Open$12.00T R  08:00 AM-09:54 AM AS720
 201112505Principles ACCT 1 4Salloum G17/30/0Open$12.00M W  10:00 AM-11:54 AM AS820
 201112506Principles ACCT 1 4Brewer J14/30/0Open$12.00T R  10:00 AM-11:54 AM AS820
 201112507Principles ACCT 1 4Sadowski M11/30/0Open$12.00T R  12:30 PM-02:24 PM AS820
 201112510Principles ACCT 1 4Wood M28/30/0Open$12.00M W  03:00 PM-04:54 PM AS820
 201112530Principles ACCT 1 4Sadowski M19/30/0Open$12.00T R  03:00 PM-04:54 PM AS820
 201112554Principles ACCT 1 4Urso R23/30/0Open$12.00M W  05:30 PM-07:24 PM BTC370
 201216001Principles ACCT 1 4Cameron D26/31/0Open$12.00T R  04:00 PM-05:54 PM RC695

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