Survey of Accounting

Course Number: 
ACC 1020
Semester: 
Spring Fall
Subject: 
Accounting (ACC)
Credits 
3.00

This class is designed for non-business majors. Students will identify accounts and process and record typical cash receipts, cash payments, and payroll transactions for a service business and a merchandising business. Students will complete a worksheet and prepare and interpret financial statements. Students will prepare adjusting and closing entries and understand inventory valuation and depreciation of plant assets.

3 hours of lecture per week