Catalog 2016-2017 
    
    Sep 25, 2018  
Catalog 2016-2017 [ARCHIVED CATALOG]

ACCT& 201 Principles of Accounting I

5 credits
The first course in the accounting transfer sequence. This course introduces basic principles, concepts, theories and procedures of recording, analyzing, and interpreting financial data.

Prerequisites: MATH 087  and ENGL 093  (or placement into MATH 098  or higher and ENGL 099  or higher). ACCT 111  recommended.

Quarters Offered: Fall and Spring

Student Outcomes/Competencies:
Upon successful completion of this course students will be able to:

  • Identify the purpose and uses of financial accounting
  • Apply basic accounting principles and assumptions to business transactions
  • Employ double-entry bookkeeping to record and report on basic business operational transactions in an accounting system
  • Describe the impact of basic operating transactions on a business’s financial position
  • Critically analyze a business’s financial position and operational results
  • Discuss the origins of fraud and means by which a business may protect itself from it