Upon completion of this course, the student will demonstrate an understanding of basic accounting theory and perform the accounting required for an accounting cycle. The student will perform the fundamentals required to record, summarize and analyze the transactions of a business and prepare and interpret the resultant financial statements. The student will also account for payroll and assets (cash, receivables, inventories, plant and equipment, and intangibles)
Instructor Cynithia C. DeLillo-Kunze, C.P.A.
Overall Course Objectives
Upon successful completion of this course, you will be able to:
1. Describe accounting and its function in business.
2. Apply accounting concepts, principles and procedures to record, sort and
classify accounting information and prepare financial statements.
3. Research and analyze financial statements to interpret the effectiveness of business
decisions and actions.
4. Describe the value and use of accounting information to management,
investors, government, and the general public.
Major Course Topics
1. Accounting: Financial Statements and Underlying Principles
2. Recording Basic Business Transactions for a Service Company
3. Adjustment of Recorded Data, Preparation of Financial Statements
4. Preparation of Spreadsheets and the Closing Process
5. Accounting for a Merchandising Company
6. Merchandise Inventory
7. Internal Contgrol, Cash, Bank Reconciliations, Petty Cash
8. Accounts Receivble and Notes Receivable
9. Plant Assets and Intangible Assets
10. Current Liabilities, Accounting for Payroll
The course format includes but is not limited to the following:
This cours does not have a fac-to-face orientation.
Texts and Materials
Accounting 9e by Charles T. Horngren, Walter T. Harrison Jr. and M. Suzanne Oliver. ISBN 9780132569057
MyAccountingLab Online Course materials are required for this course. A student access kit is included in all books purchased from the HCC bookstore. Student Access kit and on line text may be purchased separately directly from the publisher. http://www.mypearsonstore.com/bookstore/product.asp?isbn=0132569310
Recommended but not required:
Principles of Accounting 1 by Joel Lerner and James A. Cashin. Schaum’s Outline Series Fifth Edition
Three semester exams will be given during the term. The final examm will be given during fianal exam week and is a comprehensive exam. Students are expected to take all exams at the Howard Community College Test Center on campus.
if you have any questions or comments about this course, please send a message to eLearning.
Last updated on 04-April-2014