Jun 26, 2019  
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BUS 100 - Accounting I

In this introductory course, students will learn basic financial accounting principles and theory and how to communicate financial information to external users.  It covers the following topics:  accounting equation and accounting cycle; accounting transaction analysis (including journalizing and posting); asset, liability, and equity accounting; financial statement preparation and analysis; merchandising and inventory accounting, accounting information systems (manual and automated), and principles of internal control.

Credits: 4
4 Class Hours
Course Profile
Learning Outcomes of the Course:


  1. Demonstrate knowledge of accounting terms, ethics in accounting, the accounting equation, transition analysis, debits and credits, journalizing and posting transactions, and basic financial statements.
  2. Demonstrate ability to complete the end-of-period procedures (including adjusting, closing, and correcting/reversing entries), worksheets, trial balances (including adjusted and post-closing), and completing the accounting cycle, and classified balance sheet.
  3. Demonstrate the ability to record inventory transactions for a merchandising concern, prepare and analyze single and multi-step income statements, perform calculations necessary to determine ending inventory and cost of good sold valuations, and analyze the impact of inventory errors on finanicial statements.
  4. Demonstrate knowledge of special journals, subsidiary ledgers, control accounts, principles of internal control, performing bank reconciliations, and petty cash transactions.

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