2021-2022 Academic Catalog 
    Mar 25, 2023  
2021-2022 Academic Catalog [ARCHIVED CATALOG]

ACCO 101 - General Accounting

4 CR
Students will learn about financial accounting procedures with emphasis on the accounting cycle. Apply internal controls to an accounting system, account for cash, accounts receivable, bad debts, inventories, long-lived assets, current liabilities and payroll. Generally Accepted Accounting Principles (GAAP) will be applied. Lab Fee

Requisites: Next Gen ACCUPLACER® reading score of 244, or at least a grade of C in TSRE 55 .
Course Learning Outcomes:
  1. Students will explain the recording process.
  2. Students will generate adjusting entries and closing entries.
  3. Students will complete the accounting cycle.
  4. Students will evaluate current assets and plant assets.