Accounting I (ACC-103)
Theory of debit and credit, the purpose and use of a balance sheet, income statement, controlling accounting accounts, subsidiary ledgers, and special journals. Description of negotiable instruments, worksheets, depreciation methods, accounting for accruals and deferrals, and accounting for inventories. Financial Accounting Theory. Equivalent course may be substituted. See Departmental Chair. Prerequisite: ENG 097. 4 lecture hours per week. 4 credit hours.