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ACC260 (3 Credits)

Fundamental accounting practices including accrual and deferral adjustments, correcting common transaction recording errors, bank reconciliations and adjusting entries. Includes payroll accounting and related Federal and State payroll law requirements. Accounting for depreciation for financial and tax accounting purposes covered. Inventory valuation methods. Includes calculating, recording, and reporting under generally accepted accounting principles (GAAP). Preventive internal control procedures to detect organizational fraud, theft, and embezzlement covered. In order to register for this course, Rio will need to verify that you have completed the prerequisite(s). How do I do this? See Syllabus for full course description.

Prerequisites: A grade of C or better in ACC111, or ACC211 or (bookkeeping experience and permission of Instructor).