Feb 06, 2023
ACCT 113 - Practical Accounting Credits: 5
A continuation of ACCT 111 . The last in the financial accounting series for the Accounting, AAA . Topics may include accounting for property, plant and equipment, partnerships and corporations, bonds payable, the statement of cash flows, financial statement analysis and manufacturing accounting. May include integrated general ledger accounting software applications and spreadsheet applications.
Prerequisite: ACCT 111 with a grade of 2.0 or higher; and B A 145 ; or instructor’s permission.
Students who successfully complete this class will be able to:
- Analyze and record business transactions for property, plant and equipment, partnerships, corporations and bonds.
- Prepare financial schedules and statements for partnerships, corporations, manufacturing businesses and cash flow.
- Use financial statement analysis and financial ratios to evaluate financial information.
- Demonstrate the effective use of accounting applications using Excel.
- Translate data into various formats such as symbolic language, equations, graphs, and formulas.
- Implement calculator/computer technology to solve problems.
- Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
- Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.
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