Basic Accounting

This course serves as an introduction to basic bookkeeping and accounting principles as they apply to various types of business enterprises. As an introductory accounting course, the subject covers the accounting cycle, basic accounting theories, principles, processes, and terminologies as well as the financial routines of a business office. More specifically, the course familiarizes students with double-entry bookkeeping, the routine computation and recording of changes in financial position in various accounting documents (i.e., journals, ledgers, and trial balance), generally accepted accounting principles (GAAP), financial reporting and basic accounting and financial statements (i.e., Balance Sheet, the Income Statement, the Statement of Owner’s Equity, the Statement of Cash Flow). The use of computer accounting systems and exposure to a computerized accounting environment is necessarily integrated into course instruction.