ACC-1170 Financial Accounting I - 3.00 credits

An introduction to fundamental accounting principles and concepts, the accounting cycle, worksheet preparation, accounting for sales and purchases of merchandise, cash control procedures, and valuation of receivables and inventories. Other topics include financial statement preparation and payroll. Emphasis on integrating basic accounting concepts with practice for sole proprietorships. Instruction (4.0). Equivalent to: ACC-170, ACC-171.