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Credit Hours: 3 Effective Term: Fall 2017 SUN#: None AGEC: None |
Credit Breakdown: 3 Lectures Times for Credit: 1 Grading Option: A, B, C, D, F Cross-Listed: |
Measurable Student Learning Outcomes |
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1.(Evaluation Level) Accurately maintain accounting records and prepare financial statements for a sole-proprietorship in accordance with Generally Accepted Accounting Principles.
2.(Analysis Level) Analyze and record inventory transactions when a periodic inventory system is employed. 3.(Application Level) Accurately compute ending inventory utilizing common valuation methods (weighted-average, FIFO, LIFO). 4.(Application Level) Account for cash funds and prepare a bank reconciliation in good form. 5.(Evaluation Level) Determine effective internal controls for cash. 6.(Synthesis Level) Compile the payroll information and correctly prepare the payroll entry and the employer's payroll tax entry. 7.(Evaluation Level) Determine relevant information with regards to making specific business decisions. 8.(Application Level) Correctly compute depreciation for a plant asset using the straight-line method. |
Internal/External Standards Accreditation |
None |