BUS 221 & 222 Principles of Accounting I & II:
The purpose of the introductory course is to instruct the student in the basic principles underlying the modern double entry accounting system. The first semester includes fundamentals of journal entries; preparation of income statements, balance sheets and capital statements; and the transactions required at the end of the accounting cycle. Other topics are methods of determining depreciation, payroll systems, and principles related to the partnership form of business ownership. The second semester emphasizes the corporate form of business ownership, cost accounting (job-order, process, and standard cost systems), and departments and branches. BUS221 Prerequisite: BUS101. Offered fall day, spring night S1, summer day. BUS222 Prerequisite: BUS101 and BUS221. Offered spring day, spring night S2, summer day.