ACC 110 - Fundamentals of Accounting I
An introductory course in the study of the basic accounting cycle. The recording and summarizing aspects will be covered with the emphasis on analysis of financial information and the role of accounting in the decision making process. No credit given for both ACC 101 and ACC 110. Successful completion of both ACC 110 and ACC 111 is equivalent to ACC 101. Two class hours, one conference hour.
Prerequisite(s): TRS 094 or MTH 130, either with a grade of C or better OR MCC Level 4 Mathematics Placement OR equivalent.
Course Learning Outcomes
1. Identify and perform initial steps of the accounting cycle in accordance with Generally Accepted Accounting Principles (GAAP).
2. Understand and demonstrate how to report and analyze inventory in a merchandising organization.
Course Offered Fall and Spring