Fundamentals of accounting as applied to actual business situations. Introduction to the accounting cycle for service and merchandising firms controlling to purchases and sales with business papers, special journals, and subsidiary ledgers. Course Outcomes: 1. Apply core financial accounting concepts and terminology. 2. Apply basic computational techniques to solve quantitative financial accounting problems. 3. Create journal entries from financial data for service and merchandising businesses. 4. Create financial statements for service and merchandising businesses 5. Evaluate financial statements for service and merchandising businesses 6. Outline internal controls of financial operations within a business environment. 7. Develop a cash reconciliation using financial data 8. Integrate basic financial accounting concepts in a simulated business environment 9. Organize financial data using appropriate technology resources
Prerequisite
Completion of MATH 40 with a 2.0 or higher, or appropriate placement. It is also recommended that students complete either CS 101 or CA 120 and CA 150 prior to enrollment.