ACCT 101 - Practical Accounting I

5 CR

Introduces the use of journals and ledgers for reporting business transactions. Students learn periodic adjustments, closing procedures, and preparation of financial statements.

The course will also qualify students for admission to the Bellevue College Applied Accounting, BAS.

Course Outcomes

Evaluate the fundamental accounting equation
Compute and record financial transactions
Discuss the importance of cash management and Internal Controls
Prepare and analyze financial statements
Explain the steps taken to complete the accounting cycle
Describe the need and use of special journals and subsidiary ledgers
Account for bad debts, distinguish between different inventory-flow assumptions, and calculate the cost of inventory.
Discuss the relationship of ethics to financial accounting
Apply introductory Excel skills to organize, analyze, and present accounting data for decision-making.
Utilize data analytics techniques to identify trends, solve accounting problems, and support evidence-based conclusions.
Explain the foundational concepts of Artificial Intelligence and evaluate its impact on accounting processes and ethical considerations.

GenEd Outcomes: Creative and Critical Thinking

Critical Thinking/Problem Solving
Quantitative/Symbolic Reasoning

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