ACCT 102 is a study in the theory and practice of the accounting practice demonstrated through real world accounting from the viewpoint of sole proprietorships and small businesses, including how to use worksheets, prepare adjusting and closing journal entries, post payroll, perform bank reconciliations and prepare financial statements.
ACCT 102 is designed for:
- Students who want a practical approach to accounting.
- Sudents preparing to take ACCT 116A – Financial Accounting.
- Students who want a certificate of Performance in Accounting Bookkeeping.
The course topics covered include: purposes and uses of accounting information; debits and credits; the accounting cycle; cash and accrual accounting; bank reconciliations; payroll; sales and purchases; and financial statements.