Entrepreneurship & Small Business Management :: Course Details


ACCT 101 - Principles of Accounting I
An introduction to accounting theory and principles as applied to a business enterprise is covered in Principles of Accounting I. Principles and procedures as applied to the accumulation, processing and reporting of financial information resulting from business transactions are discussed. Students are exposed to manual and electronic media for the preparation of journals, ledgers, financial statements. Inventories, receivables, payables, plant assets and payroll accounting are also covered. Prerequisite: Minimum of MAGN 101, which may be taken concurrently. 3 credits (3 lecture hours, 1 laboratory hour), fall or spring semester