ACC 121 - Accounting Principles I

4 Credit Hour(s) • 60 Contact Hours (Lecture)
Prerequisite: CCR 092, MAT 055
Introduces the study of accounting principles for understanding of the theory and logic that underlie procedures and practices. Major topics include the accounting cycle for service and merchandising companies, special journals and subsidiary ledgers, internal control principles and practices, notes and interest, inventory systems and costing, plant assets and intangible asset accounting, and depreciation methods and practices.