ACCT1000 Introduction to Accounting
This course is designed to provide an introduction to basic accounting procedures including analyzing business transactions, recording transactions in a variety of journals, preparing financial statements and completing the accounting cycle.
Prerequisite
None
Course Requirements and Evaluation
Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.
Learning Outcomes
The following outcomes will be addressed in the course:
Prepare journal entries to record business transactions in the general journal
Post amounts from the general journal to the general ledger
Prepare journal entries to close temporary accounts at the end of a fiscal year
Record routine business transactions in a special journal and in subsidiary ledgers
Prepare work sheets and closing entries
Prepare a bank reconciliation and journalize any necessary journal entries
Prepare a payroll register and all necessary journal entries to record the payroll
Prepare the following financial statements: balance sheet, income statement and statement of owner's equity
Prepare adjusting entries and post to the general ledger at the end of an accounting period
Text and References
A list of textbooks required for this course is available at the
campus store and in eServices.
Course Scheduling
The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.
Accommodations Statement
Access Services - Reasonable accommodations are available to qualified students with documented disabilities. Upon attending an intake meeting with Access Services, qualified students will receive a letter listing the approved accommodations that they may provide to their instructors. If you have a documented disability that may require accommodations, contact HTC Access Services at
AccessServices@hennepintech.edu or
https://hennepintech.edu/current-students/access-services/index.html.
Campus
Brooklyn Park Campus and Eden Prairie Campus: 952-995-1300
Credit Details