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Sep 01, 2024
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2022-2023 Yavapai College Catalog [PREVIOUS CATALOG YEAR]
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ACC 121 - Introductory Accounting Description: General ledger bookkeeping and preparing financial statements.
Credits: 3 Lecture: 3 Lab: 0
Course Content:
- Analyzing and recording transactions: general journal and general ledger
- Trial balance and adjusting entries
- Financial statements
- Closing entries and post-closing trial balance
- The accounting cycle for a merchandising concern - periodic inventory method
- Cash accounting and banking procedures
- Sales and cash receipts
- Purchases and cash payments
- Ethics in accounting
Learning Outcomes:
- Use generally accepted accounting principles to perform general ledger bookkeeping for a service business. (1, 2, 4, 6)
- Analyze and record financial transactions into a general ledger bookkeeping system for a merchandising concern. (5-8)
- Prepare general-purpose financial statements for service and merchandising concerns. (3, 5)
- Prepare a bank reconciliation report. (6)
- Appraise financial scenarios for ethical concerns. (9)
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