ACC 124: Principles of Accounting I

Credits 3 Class Hours3 lecture

This course introduces basic accounting principles and practices for service and/or merchandising types of businesses. Areas include accounting as an information system, the accounting cycle, financial statements, internal control, current and/or long-term assets, current liabilities, and payroll. Special emphasis will be placed upon the practical application of accounting principles.

Semester Offered Fall, Spring
Course Student Learning Outcomes (CSLOs)
  1. Define accounting.
  2. Complete the accounting cycle with emphasis on practical application of accounting principles.
  3. Describe ethical issues and violations in accounting and/or business.
  4. Analyze, record, report, and interpret business activities of a service and/or merchandising organization using current accounting and ethical standards.
  5. Describe employer payroll reporting and payment responsibilities.