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Course Content Form: Practical Accounting Procedures

This course provides an introduction to accounting systems for small businesses. Students will learn about different types of accounts, how to record transactions in journals and ledgers, and how to prepare key financial documents like adjusting entries, worksheets, and financial statements. They will also cover topics like accounting for cash, sales, purchases, payroll, and taxes. The goal is for students to understand basic accounting principles and be able to demonstrate the effects of transactions, prepare required accounting records and reports, and reconcile a bank statement.

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Oscar I. Valenzuela
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73 views2 pages

Course Content Form: Practical Accounting Procedures

This course provides an introduction to accounting systems for small businesses. Students will learn about different types of accounts, how to record transactions in journals and ledgers, and how to prepare key financial documents like adjusting entries, worksheets, and financial statements. They will also cover topics like accounting for cash, sales, purchases, payroll, and taxes. The goal is for students to understand basic accounting principles and be able to demonstrate the effects of transactions, prepare required accounting records and reports, and reconcile a bank statement.

Uploaded by

Oscar I. Valenzuela
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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Course Content Form

PIMA COMMUNITY COLLEGE

Effective Term: Full Academic Year 2017/18

ACC 100 Practical Accounting Procedures


Credit Hours: 3.00 Lecture Periods: 3.00 Lab Periods: 0.00

Description:
Introduction to accounting systems for small businesses. Includes different types of accounts, the general journal
and general ledger, adjusting entries, closing entries and the post-closing trial balance; bank accounts, cash
funds, and internal control; employee earnings and deductions, accounting for cash and payroll, sales and
purchases, cash receipts and cash payments, work sheet and adjusting entries; and financial statements, and
closing entries.

Course Learning Outcomes:


Upon successful completion of this course, the student will be able to:
1.Demonstrate the effects of business transactions on asset, liability, and owners’ equity accounts.
2.Illustrate the recording of transactions in a T account.
3.Show journalizing and posting of adjusting entries.
4.Prepare financial statements.
5.Reconcile a bank statement.
Outline:
I. Accounting: The Language of Business
A. Business and accounting.
II. Analyzing Business Transactions
A. Transactions that affect assets, liabilities, and owners’ equity.
B. Transactions that affect revenue, expenses, and withdrawals
III. The General Journal and General Ledger
A. The general journal
B. The general ledger
IV. Adjusting Entries and the Worksheet
A. The worksheet
B. Financial statements
V. Closing Entries and the Post Closing Trial Balance
A. Closing entries
B. Post-closing trial balance
VI. Accounting for Sales, Accounts Receivable, and Cash Receipts
A. Understanding merchandising companies
VII. Accounting for Purchases, Accounts Payable, and Cash Payments
A. Merchandising Purchases
B. Accounts Payable
VIII. Cash
A. Cash receipts
B. Petty cash and internal controls
C. Banking procedures
IX. Payroll Computations, Records, and Payment
A. Payroll laws and taxes
B. Calculating earnings and taxes
C. Recording payroll information
X. Payroll Taxes, Deposits, and Reports
A. Social Security, Medicare, and employee income tax
B. Unemployment tax and workers’ compensation
XI. Financial Statements and Closing Procedures
A. Preparing the financial statements
B. Completing the accounting cycle

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