Welcome to College Accounting 101
This course is an introduction to accounting practice and theory using the model of the sole proprietorship in a service business and merchandising business. The accounting process for recording, summarizing and reporting financial data is analyzed. Specialized systems in cash controls, payroll and the use of multipurpose combination journals are examined. Emphasis is placed on identifying and correcting errors and omissions and understanding their impact on financial statements.
Course objectives are reinforced through the use of manual and /or computerized practice sets. Students may receive high school credit or four college credits through SUNY Orange upon the completion of the course. Students are responsible for all fees associated with this course. This class is open to juniors and seniors.