• ACC-121 : Principles of Accounting I

    Academic Level:
    Undergraduate
    Department:
    Business
    Subject:
    Accounting
    Prerequisites:
    Take MAT-071 and MAT-073; or any MAT 100 and above
    Corequisites:
    None
    Credits:
    4
    Previous accounting knowledge is not required. The course covers the entire accounting cycle from analysis of transactions, journalizing, posting, worksheets, preparation of financial statements, closing entries, post-closing trail balance and reversing entries. Also introduced are the accounting principles as applied in the United States (GAAP). Emphasis is placed on practical applications of accounting procedures as well as conceptual comprehension of accounting principles used in both service- and product-related businesses.