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    Vincennes University
   
 
  Dec 15, 2017
 
 
    
2017-2018 Vincennes University Catalog

ACCT 141 - Introduction to Accounts Payable/Inventory


1 hr (Sem I, II)
This course focuses on how to set up and administer an Accounts Payable and inventory system for a business. Topics covered will include filing, the purchases cycle, documentation, schedules, discounts, journalizing and posting as well as inventory costing, physical count, consignment, internal controls, and reports for management.  This course is intended for Accounting majors or persons working in the field of Accounts Payable/Inventory. 1 lecture hour.

Prerequisite(s): A grade of C or better in ACCT 140 .