ACCOUNTING 1

This course introduces accounting principles for understanding the theory and logic that underlie procedures and practices for business organizations. Major topics include the accounting cycle for service and merchandising companies, internal control principles and practices, notes and interest, inventory systems and costing, and plant and intangible asset accounting. This course builds a basic understanding of manual and automated accounting principles and procedures. Students learn to analyze and record business transactions and prepare financial statements for businesses organized as proprietorships, partnerships, and corporations.

This class does NOT meet the NCAA math requirement.