ACCT 1050 - Survey of Accounting

4.5 Credits

Students learn the basics of accounting, covering the purpose of accounting, debits and credits, recording transactions, the accounting cycle, financial statements, and basic payroll. Additionally, students apply the basics of accounting through use of QuickBooks software.

Note: Business and Accounting degree seeking students should enroll in ACCT 1100 rather than ACCT 1050.

Lecture Hours: 4.5
Lab Hours: 0.0
Internship Hours: 0.0
Clinical or Practicum Hours: 0.0

Course Objectives

Describe the purpose of accounting.
Explain business transactions using the accounting equation.
Identify the process for preparing financial statements (income statement, statement of retained earnings, and balance sheet).
Apply knowledge of the accounting cycle.
Apply accounting procedures for payroll and payroll taxes.
Utilize QuickBooks software to complete the accounting cycle for a business.
Explain why ethics are important to accounting.

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