ACC 131 - Principles of Accounting I

1. The accounting cycle
2. Accounting for merchandising operations
3. Inventories and cost of sales-- perpetual inventory method
4. Cash and internal controls
5. Accounting for receivables
6. Plant assets, natural resources, and intangibles
7. Current liabilities and payroll accounting
8. Accounting for corporations
9. Long-term liabilities
10. Reporting the Statement of Cash Flows
11. Financial statement interpretation and analysis
12. Ethics in business and accounting

1. Identify and apply generally accepted accounting principles. (1-11)
2. Perform general ledger bookkeeping for service and merchandising concerns. (1-4)
3. Perform advanced general ledger bookkeeping for sole proprietorships and corporations. (5-9)
4. Prepare and interpret financial statements for sole proprietorships and corporations. (1, 2, 10, 11)
5. Define and assess financial scenarios for ethical concerns. (12)