Fall 2019 Course Syllabi

Dakota College at Bottineau Course Syllabus Course Prefix/Number/Title: ACCT 200 – Accounting I Number of Credits: 3 semester hours Pre/Co-requisites: None Course Description: This course is a study of accounting, beginning with the basics of the accounting cycle. Students will be working with the double-entry system of accounting to gain the foundation necessary to move to special topics and other business applications. Course Objectives: At the end of the course, the student will be able to… • Identify the activities within the following cycles and make appropriate journal entries related to the cycle’s financial transactions: o Revenue o Expenditures • Understand the theory of debits and credits and apply accounting theory to business transactions. • Examine the conceptual framework of accounting under generally accepted accounting principles. • Define the function of accounting. • Interpret and use information provided by financial accounting systems in making business decisions. • Explain the purpose and use of financial statements and identify users of financial information. • Prepare financial statements for service businesses and communicate financial accounting information. • Evaluate accounting events and transactions and record events utilizing the accounting cycle. • Prepared necessary adjusting and closing entries. • Prepare a trial balance. • Prepare a post-closing trial balance. • Prepare general and subsidiary ledgers. • Explain internal controls in business. • Establish and prepare entries for petty cash accounting, and perform bank reconciliations. • Compute and journalize interest on notes receivable. • Apply and evaluate accounting and valuation methods to both periodic and perpetual inventory systems. • Account for capitalization, depreciations, and the disposal of fixed assets. • Differentiate between revenue and capital expenditures. • Record current liability transactions including payroll. • Record entries for bad debts expense and allowance for doubtful accounts, including adjusting entries and write-off entries. • Prepared income statements by department. • Determine interest calculations and maturity dates on notes receivable and payable. • Discount and record interest bearing notes. • Calculate depreciation using different methods. Instructor: Emily Rodacker