BA 111 Practical Accounting I
Covers the fundamental principles of double-entry accounting, general journals and ledgers, business forms, simple financial statements and the completion of the accounting cycle. Emphasis on cash receipts and payments, payroll accounting, purchases and sales.
Notes
Career Technical Education (CTE) Course
Outcomes
Upon successful completion of this course, students will be able to:
Demonstrate a basic understanding of the double-entry accounting system. Manually complete the entire accounting cycle for a service- based sole proprietorship on the accrual basis. Prepare basic financial statements for a service-based sole proprietorship. Demonstrate an understanding of control of cash processes and bank reconciliations.
Calculate basic payroll and payroll tax activity. Prepare simple federal quarterly and annual payroll tax forms.