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Benedict College

Undergraduate Catalog

Feb 05, 2025

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Undergraduate Catalog

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ACC 230 - ACCOUNTING FOR ENTREPRENEURS

This course teaches the concepts and practices for entrepreneurs and students who plan to start or purchase a business. Students will learn the use of accounting tools for solving business problems, analyzing daily activities and evaluating the financial progress being made by the firm. Students will be trained to think like and take initiative like entrepreneurs. Students are expected to use appropriate small business solution software. The course requires “hands-on” assignments. The teaching pedagogy will also include additive learning. Topics will include accounting for sales, receivables, payables, payroll, and inventory. Others include developing revenue and cash projections, expense estimates for new ventures, small business valuation, cost volume profit analysis, cost behavior, profit plan, and relevant cost analysis, ethical and tax aspects of small businesses.

Credits: 3