City University of New York Division of Professional Studies
ACC 1101 - PRINCIPLES OF ACCOUNTING I
COURSE SYLLABUS
TEXT: Accounting Principles, Volume I: 11th Edition Custom, Weygandt (Wiley Custom Publishing) with Wiley Plus See attached sheet for Wiley Plus Instructions Class hours: 3; Lab hours: 3; credits: 4
SEMESTER: 15 Weeks
Professor: Alison Iavarone
Email: aiavarone@citytech.cuny.edu
Office: 1025
Office Hours: Tuesday: 1 to 2 PM
Class Meets: Tuesday/Thursday 8:30 to 11:00 Room
COURSE DESCRIPTION: The accounting cycle, including journalizing, posting, preparation of trial balance, worksheet, adjusting entries, financial statements, closing entries and preparation of a post-closing trial balance, special journals, subsidiary ledgers and accounting principles. Special emphasis given to cash, accounts receivable, notes, inventories, plant assets and internal control.
Prerequisite: CUNY certification in reading and mathematics
COURSE OBJECTIVES:
1. To present the basic of fundamental principles of accounting.
2. To develop mastery of the accounting cycle, including journalizing, posting, preparation of a trial balance, worksheet, adjusting entries and preparationof financial statements, closing entries, post-closing trial balance, for both service and merchandising enterprises.
3. To develop mastery of the accounting for cash, notes and accounts receivable, inventories and cost of goods sold, plant assets, natural resources, intangibles and generally accepted accounting principles.
4. To develop correct bookkeeping and accounting techniques.
5. To demonstrate the necessity for financial records in business operations.
6. Refer to learning objectives at the beginning of each chapter.
COVERAGE: Text Chapters 1 through 10
1. ACCOUNTING AND ITS ENVIRONMENT 2. RECORDING BUSINESS TRANSACTIONS 3.