Course: ICCC Introduction to Accounting (ACC 111)
Description: Fall & Spring Semester
Students will receive instruction in analyzing and recording various business transactions and in completing the accounting cycle by journalizing, posting, preparing worksheets, making adjusting and closing entries, and preparing financial statements for service and merchandising businesses. Instruction will be provided for accounting for cash by using a petty cash fund, reconciling a bank statement, and utilizing the cash short and over account; calculating and journalizing employees’ payroll; and calculating and journalizing employer payroll taxes. No previous accounting instruction is necessary.
NOTE: Students who successfully complete this class will earn three semester hours of business electives offered at Iowa Central Community College and will satisfy three credits of required electives at most four-year colleges.
Grade Level: 11, 12 Elective Credit
Prerequisite: Accounting Essentials Preferred