Department:    BMT

 Course #:    145

 Credits:    5

 Variable:     No

 Course Description  

Introduction to theory and practice in double entry accounting for service businesses. Includes use of journals and ledgers, worksheets, financial statements, adjusting and closing entries, basic payroll preparation, and bank statement reconciliation.

 Prerequisite  

None

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Vocational Preparatory Required for ATA degree, Required for certificate  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Maintain financial records for a service business by applying generally accepted accounting principles.
2. Records transactions in a general journal.
3. Post transactions to a general ledger.
4. Prepare work sheets, balance sheets, income statements, and statements of owner's equity.
5. Maintain payroll records.
6. Record transactions in combined journal and post transactions to general ledger.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

2. Critical Thinking

Definition: The ability to think critically about the nature of knowledge within a discipline and about the ways in which that knowledge is constructed and validated and to be sensitive to the ways these processes often vary among disciplines.

Outcomes: Students will be able to . . .
2.1 Identify and express concepts, terms, and facts related to a specific discipline.
2.3 Identify, interpret, and evaluate pertinent data and previous experience to reach conclusions.

8. Mathematical Reasoning

Definition: Understanding and applying concepts of mathematics and logical reasoning in a variety of contexts, both academic and non-academic.

Outcomes: Students will be able to . . .
8.2 Correctly apply logical reasoning and mathematical principles to solve problems.

Course Contents

1. Analyzing business transactions.
2. Recording business transactions in a general journal.
3. Posting transactions to ledger accounts.
4. Adjusting entries.
5. Work sheets.
6. Closing entries.
7. Accounting for payroll.
8. Bank accounts and cash funds.
9. Accounting simulation.
10. Combined journal.