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Website Catalog
SUNY Broome Community College
   
 
  Jan 24, 2018
 
 
    
Website Catalog
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BUS 100 - Accounting I


Introduction to accounting principles and procedures necessary to complete the accounting cycle.  The course includes journals, ledgers and financial statements.  Accounting for merchandising transactions, control of cash, internal control, and payroll.  Course includes computerized accounting applications.

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

Upon successful completion of this course the student will be able to:

1.  Record transactions using a general journal, and post the transactions to running balance ledger accounts.
2.  Complete the end-of-period procedures, including worksheets, financial statements, adjusting and closing entries, after-closing trial balance, and reversing entries.
3.  Record transactions for a merchandising concern using special journals, post the transactions to general ledger control and subsidiary ledger accounts, and prepare the supporting schedules for the general ledger control accounts.
4.  Prepare and analyze an Income Statement and a Classified Balance Sheet for a merchandising concern.
5.  Identify the six principles of internal control and apply them to the control of cash.
6.  Prepare a bank reconciliation and prepare the necessary journal entries to reconcile the accounts.
7.  Perform the computations to prepare a payroll and make the journal entries to record the payroll and the employer’s payroll taxes.



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