ACT101 Principles of Accounting
Course Description (Detailed Syllabus is released upon registration)
Students will learn the essentials of accounting. Upon completion of this course students will be able to: 1) define and use accounting terminology, generally accepted accounting principles (GAAP), business transactions, and explain the purpose of the accounting system, 2) discuss the three types of business ownership, characteristics for basic accounting equation elements, and permanent/real or temporary/nominal accounts, 3) describe the accounting equation: Assets = Liabilities + Owner’s Equity and show how and why accounts are increased and decreased, and 4) explain the rules of double-entry accounting to business transactions, define the theory of debit and credits, and explain debits and credits transactions.
Course Features
- Lectures 0
- Quizzes 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
