INTRODUCTION TO ACCOUNTING

  • Program: Accounting Careers
  • Course: Introduction to Accounting
  • Course #: ACCT1000
  • Credits: 3

Course Description

This course is designed to provide an introduction to basic accounting procedures including analyzing business transactions, recording transactions in a variety of journals, preparing financial statements and completing the accounting cycle.

Course Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Disability Services

Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).

Course Goals

The following goals will be addressed in the course:
Prepare journal entries to record business transactions in the general journal
Post amounts from the general journal to the general ledger
Prepare journal entries to close temporary accounts at the end of a fiscal year
Record routine business transactions in a special journal and in subsidiary ledgers
Prepare work sheets and closing entries
Prepare a bank reconciliation and journalize any necessary journal entries
Prepare a payroll register and all necessary journal entries to record the payroll
Prepare the following financial statements: balance sheet, income statement and statement of owner's equity
Prepare adjusting entries and post to the general ledger at the end of an accounting period

Credit Details
  • Credits: 3
  • Credit Type: lecture
  • Lab Credits:  0
  • MnTC: 0
Course Details
  • Prerequisites: 
    None
  • Campus: Brooklyn Park/Eden Prairie