COURSE ID: BU800V
Accounting I
This a basic course in accounting with a focus on the accounting cycle and financial statements. Students will apply double entry accounting procedures in a scenario of a service business as a sole proprietorship and a merchandising corporation. Specific areas covered include: analyzing transactions, creating financial statements, recording transactions in the general journal and transferring transactions from the general journal to the general ledger, recording adjustments, creating worksheets, recording closing entries, recording transactions in special journals and computing recording payroll.
