Principles of Accounting I (ACCT 120)
Term: 2016-2017 Fall
Director of Instructional Support & Professional Development
605-718-2951
Mon-Wed-Fri, 11:00 AM - 12:07 PM (8/22/2016 - 12/16/2016) Location: MAIN W 249
This course is an introduction to fundamental accounting concepts. It focuses on understanding the steps in the accounting cycle, i.e., recording transactions, posting, preparing a trial balance, preparing the work sheet, financial statements, and the adjusting and closing process. Additionally, it includes the study of current and non-current assets, current and long-term liabilities, payroll accounting, and partnership accounting.