Skip to Content

Course ACC101: Accounting 1


Accounting I focuses on basic accounting principles and how they function in normal business operations. Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and steps of the accounting cycle. The course also introduces bank reconciliation methods, balance sheets, financial statements, assets and liabilities, and equity. Finally, it covers some basic accounting-related topics in business ethics.

Prerequisites: There are no prerequisites to take Accounting I.

Course Objectives:

After completing this course, student will able to:

  • Identify and apply Generally Accepted Accounting Principles (GAAP).
  • Apply the steps of the accounting cycle.
  • Post and analyze transactions using ledgers and journals.
  • Record adjusting entries for prepaid expenses and unearned revenue.
  • Complete an adjusted trial balance.
  • Perform a bank reconciliation.
  • Explain the purpose of the sales journal and the Accounts Receivable ledger and post entries to both.
  • Record the costs associated with the acquisition of property, plant, and equipment.
  • Explain the purpose of and prepare entries for the purchase order journal and accounts payable (A/P) ledger.
  • Identify the fundamental principles of an accounting information system.

Required Textbooks


Miller-Nobles, T. L., Mattison, B., & Matsumura, E. M. (2018). Horngrens accounting (12th ed.) United States: Pearson Education, Inc., ISBN: 0134486447.
Follow the instructions on how to purchase the textbook in the lesson entitled "Course Overview and Instructions to Register and Access Pearson MyAccounting Lab" with in the course.



Total Cost of Course