ACC 2213 Principles of Accounting I - Revised Fall 2019.pdf...

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NORTHWEST MISSISSIPPI COMMUNITY COLLEGESTANDARD COURSE SYLLABUSPRINCIPLES OF ACCOUNTING IACC 2213Revised Fall 2019COURSE TITLE:Principles of Accounting I - ACC 2213COURSE DESCRIPTION:This course develops a study of the fundamentals and application offinancial accounting principles that relate to business.The topics to be covered include theaccounting cycle and the accounting systems for service and merchandising businesses.COURSE GOALS:1.Understand accounting principles and practices.2.Process information through the accounting cycle.3.Prepare and interpret financial statements.4.Identify internal controls and ethics.5.Analyze and record transactions of current and plant assets and current liabilities.OUTCOME COMPETENCIES:1.State the accounting equation and define each element of the equation.2.List the rules of debit and credit and the normal balances of accounts.3.Process information through the basic steps of the accounting cycle.4.Journalize the entries for merchandise transactions.5.Compute the cost of inventory under the perpetual inventory system using FIFO andLIFO cost methods.6.Develop an understanding of the importance of internal controls and ethics.7.Prepare a bank reconciliation and journalize any necessary entries.8.Account for small cash transactions using a petty cash fund.

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Term
Winter
Professor
NoProfessor
Tags
Balance Sheet, Academic dishonesty

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