BAC-110: Practical Accounting

Business, Entrepreneurship, and Professional Development
Business & Economics
Academic Level
Course Subject
Business Accounting
Course Number
Course Title
Practical Accounting
Credit Hours
Instructor Contact Hours Per Semester
62.00 (for 15-week classes)
Student Contact Hours Per Semester
62.00 (for 15-week classes)
Grading Method
ENG-131 eligible AND (BMA-110 with a C grade or better OR eligible to take gateway MATH courses at HFC, OR satisfactory score on the math placement exam).
Catalog Course Description

Offers practical knowledge of bookkeeping principles, including small-business accounting practices. Introduces the accounting cycle, the specialized journals employed by merchandising firms, and payroll accounting.

Goals, Topics, and Objectives

Core Course Topics
  1. Double-Entry Accounting System
    1. Use a double-entry accounting system to journalize and post business transactions.
  2. Accrual-Based Accounting and Adjusting Entries
    1. Prepare the adjusting entries to recognize revenues, expenses, gains, and losses in conformance with the accrual basis of accounting.*
    2. Journalize and post adjusting entries.
  3. Preparation of an End-of-Period, Ten-Column Worksheet
    1. Prepare a ten-column worksheet.
  4. Preparation of Financial Statements That Meet GAAP
    1. Prepare an Income Statement, Owner's Equity Statement, and Balance Sheet that conform to generally accepted accounting principles (GAAP).*
  5. Preparation of Closing Entries and a Post-Closing Trial Balance
    1. Journalize and post closing entries.
    2. Prepare a post-closing trial balance.
  6. Application of Basic Payroll Accounting
    1. Prepare a payroll register.
    2. Prepare payroll entries for the recording of payroll, payment of payroll, recording of payroll tax expenses, and payment of payroll tax expenses.
  7. Bank Accounts and Cash Funds
    1. Prepare a bank reconciliation and adjusting entries.
    2. Prepare a petty cash fund reconciliation and adjusting entries.
General Information

The change in prerequisite was due to changes in the math department because of Michigan Reconnect.

Assessment and Requirements

Assessment of Academic Achievement

Students will be assessed through testing, quizzes, in-class activities, and outside assignments.


Satisfies Wellness Requirement

Credit for Prior College-Level Learning

Options for Credit for Prior College-Level Learning
Effective Term
Fall 2023