May 25, 2024  
2024-2025 SCC Catalog 
2024-2025 SCC Catalog

ACC 101 - Accounting Principles I

Lecture Hours: 3 Credits: 3

Description: This course introduces basic accounting procedures for analyzing, recording, and summarizing financial transactions, adjusting and closing the financial records at the end of the accounting cycle, and preparing financial statements. Emphasis is also placed on accounting for current and long-term assets, current and long-term liabilities, statement of cash flow and financial statement analysis.

Prerequisite(s): Take ENG 032 , MAT 100  and RDG 100  with a minimum grade of C.
Course Topics:
  • T-accounts and journal entries
  • Financial Statements
  • Adjusting Entries
  • Closing entries
  • Inventories
  • Special Journals
  • Bad Debt Expense
  • Depreciation
  • Payroll
  • Petty cash and Bank Reconciliation
  • Internal Control

Textbook information can be found on the Book Inn website
Required Materials:
  • Computer and Internet Access
  • Publisher’s Access Code is required for online component

Grading System:
An overall grade of C or higher is required for transferability.

A = 90 - 100
B = 80 - 89
C = 70 - 79
D = 60 - 69
F =   0 - 59

Student Learning Outcomes:
  1. Apply basic double-entry accounting procedures.
  2. Construct Financial Statements.
  3. Identify and perform accounting practices for short-term liquid assets.
  4. Apply basic principles of accounting internal control over cash.
  5. Apply adjusting and closing procedures to complete the accounting cycle.
  6. Evaluate and perform the accounting concepts associated with inventories and a merchandising business.
  7. Apply accounting procedures to the acquisition and depreciation of property, plant and equipment.
  8. Identify and perform accounting practices for current liabilities and payroll activities.

For SCC Online Courses:
If the course you are taking is online, please review the SCC Online Course Policies  that include:

  • Identity Verification
  • Required materials for all online courses
  • Mandatory Attendance Requirement
  • Orientation and Support
  • Proctored Exams

Standard SCC Course Policies:
Please review the Standard Course Policies  on the following topics:

  • Academic Integrity
  • Add/Drop period
  • Attendance
  • Classroom Conduct
  • Equal Access
  • IT Access
  • Online Behavior
  • Online Confidentiality
  • Services For Students with Disabilities
  • Student Concerns
  • Student Help Services
  • Withdrawals

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