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 Online
Fall Day, Online
Winter Day, Online
Spring Day, Online

Designed to Serve All accounting students, business transfer students, and all students seeing to learn about beginning financial accounting.
Active Date 20240322T08:18:44

Grading Basis 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
Accurately record business transactions in accounting records using generally accepted accounting principles.

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

Present accurate business data based on correct interpretation of data analytics.