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Sep 07, 2024
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Catalog 2023-2024 [ARCHIVED CATALOG]
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ACCT& 201 Principles of Accounting I5 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 or AHSE 66 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
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