ACCB 130 Principles of Bookkeeping I*
This course is a continuation of ACCB 129: Introduction to Bookkeeping. This course covers accounting for bad debts, notes receivable, notes payable, valuation of inventories, valuation of plant and equipment, and partnerships. The students will also be required to complete a review of Chapters 1-12.
ACCB 130Principles of Bookkeeping I*
Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.
I. General Information
II. Course Specification
Course Type
Program Requirement
Credit Hours Narrative
3 Credits
Semester Contact Hours Lecture
48
Semester Contact Hours Lab
0
Semester Contact Hours Clinical
0
Prerequisite Narrative
ACCB 129 and ACCB 129L with a grade of 'C' or better
Grading Method
Letter grade
III. Catalog Course Description
This course is a continuation of ACCB 129: Introduction to Bookkeeping. This course covers accounting for bad debts, notes receivable, notes payable, valuation of inventories, valuation of plant and equipment, and partnerships. The students will also be required to complete a review of Chapters 1-12.
IV. Student Learning Outcomes
Upon completion of this course, a student will be able to:
- This course is a continuation of ACCB 129 Introduction to Bookkeeping. This course covers accounting for bad debts, notes receivable, notes payable, valuation of inventories, valuation of plant and equipment, and partnerships. The students will be required to complete an accounting practice set.
V. Topical Outline (Course Content)
Understand full accrual accounting and demonstrate how to account for bad debts using the allowance method and direct write off method.
Demonstrate how to properly account for notes receivable, notes payable, interest income and interest expense.
Demonstrate how to account for merchandise inventory using the perpetual and periodic inventory systems.
Demonstrate how to account for property, plant and equipment and explain and calculate depreciation.
Demonstrate proper accounting for intangible assets.
F. Demonstrate accounting for partnerships including entries to form partnerships, record divisions of income and loss, and admissions and withdrawals of partners.
VI. Delivery Methodologies
Required Assignments
Accounting for Bad Debts
Notes Receivable and Notes Payable
Accounting for Merchandise Inventory
Accounting for Property, Plant, Equipment, and Intangible Assets
Partnership Accounting
Required Exams
Chapter homework associated with each Chapters 13-17
Smith Computer Center Accounting Set
Required Text
Chapter tests as needed Final Exam-Comprehensive
Required Activities
College Accounting: A Practical Approach Slater 13th Edition
MyAccountingLab
Specific Course Activity Assignment or Assessment Requirements
Accounting for Bad Debts
Notes Receivable and Notes Payable
Accounting for Merchandise Inventory
Accounting for Property, Plant, Equipment, and Intangible Assets
Partnership Accounting
Chapter homework associated with each Chapters 13-17
Smith Computer Center Accounting Set
College Accounting: A Practical Approach Slater 13th Edition
MyAccountingLab