| | Searching Current Courses For Fall 2023 |
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Course: |
ACC 1001
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Title: | Fundamentals of Accounting |
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Long Title: | Fundamentals of Accounting |
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Course Description: | Introduces accounting fundamentals with emphasis on the procedures and practices used in business organizations. Major topics include the accounting cycle for service and merchandising companies, including end-of-period reporting. |
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Min Credit: | 3 |
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Max Credit: | |
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Course Notes: | Revised fall 2000 |
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Origin Notes: | ACC |
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Course Notes: | revised crs description, CLO, TO 8/20/18 dl |
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REQUIRED COURSE LEARNING OUTCOMES:
1. Explain the various types of accounts, the rules of debit and credit, and cash versus accrual basis of accounting.
2. Analyze transactions in relationship to the accounting equation.
3. Prepare transactions for service businesses in an accounting system.
4. Complete end-of-period work including preparing adjusting entries, financial statements, and closing entries.
5. Describe the advantages and disadvantages of using a computerized versus a manual accounting system.
6. Analyze cash transactions.
7. Prepare bank reconciliations.
8. Describe effective internal control procedures.
9. Prepare transactions for a merchandising business in an accounting system.
REQUIRED TOPICAL OUTLINE:
I. Accounting terminology
II. Accounting cycle for a service business
III. Accounting for cash
IV. The accounting cycle for a merchandising business
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Arapahoe Community College |
ACC |
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CCCS |
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CCD |
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Colorado Northwestern CC |
CNCC |
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Front Range Community College |
FRCC |
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Lamar Community College |
LCC |
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Morgan Community College |
MCC |
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Northeastern Junior College |
NJC |
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Otero College |
OJC |
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Pueblo Community College |
PCC |
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Pikes Peak State College |
PPCC |
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Red Rocks Community College |
RRCC |
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Trinidad State College |
TSJC |
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