ACC 122 - Principles of Accounting I

3 Credit(s)
This course covers the accounting process: the observation, measurement, and reporting of economic activity in order to develop information useful for decision-making. Basic underlying accounting procedures and techniques involved in recording and classifying business transactions, accounting cycles, journals, ledgers, working papers, financial statements, procedures involved in adjusting and closing accounting records, accrued and prepaid items, petty cash, banking, bad debts and depreciation are covered.