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Master Course Outline
OT 161
Practical Accounting


Credits: 5
Clock Hours per Quarter: 50

AA Discipline:

Lecture Hours:50


Description
Studies accounting principles and applies bookkeeping procedures that can be applied to a variety of business operations. Emphasis placed on the analysis, journalization and posting of transactions typical of a small office. Students also formulate and interpret financial statements; record adjusting, closing, and reversing entries; reconcile bank statements; manage petty cash; account for bad debt; and perform payroll calculations and entries.

Intended Learning Outcomes
  • Develop a sound knowledge base of accounting terms, concepts, and procedures.
  • Complete accounting simulations that demonstrate their ability to maintain office books/records, manage cash flow, carry out payroll functions, and perform all steps in the accounting cycle including: • analyzing, journalizing and posting transactions typical of a small business • completing the adjusting entries and the worksheet • performing closing entries and the post-closing trial balance • producing financial reports

  • Course Topics
  • Analyzation of transactions (Debits/Credits, Accounting Equation, and Accounts.)
  • Journalizing and Posting to the General Journal and General Ledger
  • Completion of Worksheet and Financial Statements
  • Adjusting and Closing Entries
  • Combined and Special Journals
  • Bank Accounts and Cash Funds
  • Bad Debt
  • Payroll Basics

  • Syllabi Listing See ALL Quarters
    Course
    Year Quarter
    Item
    Instructor  
    OT 161
    Spring 2009
    6645
    Linda Lane
    OT 161
    Spring 2008
    6645
    Linda Lane
    OT 161
    Spring 2007
    6645
    Linda Lane
    OT 161
    Spring 2004
    6645
    Linda Lane
    OT 161
    Winter 2003
    1725
    Krista Mahan



    Two Year Projected Schedule

    Year One* Year Two**
    Fall
    Winter
    Spring
    Summer
    Mini 
    Fall
    Winter
    Spring
    Summer
    Mini
     
    X
     
     
     
     
    X
     
     
     

    *If fall quarter starts on an odd year (2003, 2005, etc.), it's Year One.
    **
    If fall quarter starts on an even year (2002, 2004, etc.), it's Year Two.