ACCT103 Introductory Accounting (Formerly ACCT090)

Department of Business Studies: Accounting

I. Course Number and Title
ACCT103 Introductory Accounting (Formerly ACCT090)
II. Number of Credits
3 credits
III. Number of Instructional Minutes
IV. Prerequisites
V. Other Pertinent Information
VI. Catalog Course Description
This course provides an introduction to the principles and concepts of financial accounting. This course focuses on bookkeeping and accounting procedures through the accounting cycle for service and merchandising businesses, including special journals. This course presumes no previous knowledge of accounting.
VII. Required Course Content and Direction
  1. Course Learning Goals

    Students will:

    1. analyze transactions using the expanded accounting equation;
    2. record transactions under the accrual basis of accounting using the general journal/general ledger system;
    3. recognize the need for and the use of special journals and subsidiary ledgers;
    4. complete a worksheet for service and merchandising businesses; and
    5. prepare the financial statements.
  2. Planned Sequence of Topics and/or Learning Activities

    1. the accounting environment
    2. analyzing transactions: the accounting equation
    3. analyzing transactions: debits and credits
    4. journalizing and posting
    5. the worksheet and adjustments
    6. closing entries and the post-closing trial balance
    7. merchandising business: accounting for sales
    8. merchandising business: accounting for purchases
    9. merchandising business: accounting for cash
    10. merchandising business: the work sheet
    11. merchandising business: year-end
  3. Assessment Methods for Course Learning Goals

    The assessment of course learning goals may be based on discussions, homework, quizzes, exams, assignments, papers, performance based tasks and projects, and/or instructor evaluation.
  4. Reference, Resource, or Learning Materials to be used by Student:

    See course syllabus for required textbook and any related materials.

Review/Approval Date - 3/99; Revised 12/2011; New Core 8/2015