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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

COPE TTS | Evaluated Learning Experience

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ACC 101 Principles of Accounting I

Course Category: 

Varies (self-study; self-paced).

Various; Distance Learning Format.

October 2022 - Present.

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Upon successful completion of the course, students will be able to: define and describe the elements of accounting; understand the accounting equation and analyze how business transactions effect the equation; apply the rules of debit and credit as applied to asset, liability and owner’s equity accounts; analyze and record business transactions in accounts and prepare a trial balance; explain the matching principal and identify and the necessary adjusting entries for supplies used, expired insurance, depreciation and unpaid wages; journalize and post-closing entries; prepare a bank reconciliation; make adjusting entries for a merchandising business; prepare financial statements for a merchandise business; and compute ending inventory and cost of goods sold using four methods.


This course introduces students to the accounting cycle and the fundamental concepts and techniques of accounting for business transactions including business records, journals and ledgers, theory of debit and credit, analysis of business transactions, adjusting and closing entries, worksheets, preparation of financial statements, accounting for inventory, bank reconciliations, and bad debts.

Credit recommendation: 

In the associate/certificate degree category OR in the lower division baccalaureate/associate degree category, 3 semester hours in Principles of Accounting (3/23).