ACTG 111 Bookkeeping
Introduces fundamental principles of full-cycle, double entry accounting, including maintaining journals, ledgers, and banking records to prepare basic financial statements for service and retail businesses organized as sole proprietorships or partnerships. Explores the concepts and terminology required to perform specific accounting functions including end of the period work, inventory management, sales tax, basics of payroll, and payroll tax reports. Working knowledge of computer literacy to include file management, cloud storage, browsers, and search engines recommended.
Prerequisite
Successful completion of MAT 092 or higher and ENG 091 or higher with a minimum grade of C (2.0), or equivalent placement, or instructor approval.
Corequisite
None.