BUSINESS

161 ACCOUNTING I  (B300)

Length of Course:  One year

Credit Granted:  One-half per semester

Prerequisite:  None

Offered To:  Sophomores, Juniors and Seniors 

Accounting I is a skill level course that is of value to all students pursuing a strong background in business, marketing, and management.  This course includes planned learning experiences that develop initial and basic skills used in systematically computing, classifying, recording, verifying, and maintaining numerical data involved in financial and product control records including the paying and receiving of money.  Instruction includes information on keeping financial records, summarizing them for convenient interpretation, and analyzing them to provide assistance to management for decision making. In addition to stressing basic fundamentals and terminology of accounting, instruction should provide initial understanding of the preparation of budgets and financial reports, operation of related business machines and equipment, and career opportunities in the accounting field.  Processing employee benefits may also be included.  Simulations will be used to emphasize actual business records management.  In addition to technical skills, course content will reflect integration of academic and workplace skills. A section on individual income tax preparation is included. This course may qualify for Illinois Central College credit.