ACCTG 121 - Practical Financial Accounting

5 Credits

Use traditional paper-based journals and ledgers to analyze, record and report financial information for a sole proprietorship-service and merchandising.

Fees

Quarters Typically Offered
Summer Day, Online
Fall Day, Online, Weekend
Winter Day, Online, Weekend
Spring Day, Evening, Online, New Option

Designed to Serve All accounting students, business transfer students, and all students seeing to learn about beginning financial accounting.
Active Date 20200330T21:13:53

Grading System Decimal Grade
Class Limit 30
Contact Hours: Lecture 55
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
ProfTech Related Instruction

Computation

Course Outline
A.   Analyzing, measuring, and recording business transactions.
B.   Accounting for cash and payroll.
C.   Using special journals.
D.   Year-end closing process.
E.   Creating financial statements.

Student Learning Outcomes
Students will accurately record business transactions in accounting records using generally accepted accounting principles.

Students will accurately summarize recorded accounting transactions in a given financial statement or regulatory report based on industry standards.

Students will present accurate business data given a specific to a set of circumstances based on correct interpretation of data analytics.

Students will make concrete recommendations based on industry standards to correct variances between budgeted and actual financial results