Catalog 2022-2023 
    Jun 13, 2024  
Catalog 2022-2023 [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 87  and ENGL 93  (or placement into MATH 98  or higher and ENGL 99  or higher). ACCT 111  recommended.

Course Outcomes
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 

Program Outcomes
This course teaches to the following program outcomes:

  • apply manual methods and software tools to prepare accounting statements and reports
  • complete the accounting cycle, including end-of-period adjustments

Total Hours: 50 Theory (Lecture) Hours: 50