Fundamentals of Accounting
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Overview
Subject area
ACC
Catalog Number
1100
Course Title
Fundamentals of Accounting
Department(s)
Description
This course introduces accrual-basis accounting for sole proprietorships in the service and merchandising industries. Topics include double-entry recording of business transactions and adjusting and closing entries. Preparation of financial statements under Generally Accepted Accounting Principles, including the income statement, owner's equity statement and balance sheet. Inventory valuation methods, specialized journals, subsidiary ledgers, bank reconciliations, internal control concepts, computerized accounting, and depreciation methods are also covered.
Typically Offered
Fall, Spring
Academic Career
Undergraduate Kingsborough CC
Liberal Arts
No
Credits
Minimum Units
4
Maximum Units
4
Academic Progress Units
4
Repeat For Credit
No
Components
Name
Lecture
Hours
4
Requisites
012001
Course Schedule
Schedule
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