Upon successful completion of this course, the student shall be able to demonstrate the following skills: A. Explain the purpose and importance of accounting B. Explain and define generally accepted accounting principles C. Define debits and credits and explain double-entry accounting D. Identify steps in the accounting cycle E. Analyze and record business transactions F. Prepare and interpret financial statements G. Explain, analyze, and record adjusting and closing entries H. Describe merchandising activities and identify income components for a merchandising company I. Identify and explain the inventory asset and cost flows of a merchandising company J. Analyze and record transactions for merchandise purchases and merchandise sales using a perpetual inventory system K. Analyze and record business transactions using special journals L. Describe and apply the principles of internal control to cash M. Analyze the effects of inventory methods for both financial and tax reporting
Textbook information is available at http://www.bhc.edu/on-campus/bookstore/ You will need to know the BHC course number: ACCT 102 and section: 11W
Basic principles, procedures, and methods of financial accounting. Provides accounting theory and practice as applied to proprietorships. Stresses use of accounting data in business decisions. With ACCT 171, ACCT 180, and ACCT 181, is designed for two-year career program students desiring to enter business occupations.
Black Hawk College: 6600 34th Ave Moline, IL 61265 Phone: 3097965000