Oct 22, 2021  
2020-2021 Catalog 
2020-2021 Catalog [ARCHIVED CATALOG]

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ACCT& 201 - Principles of Accounting I

5 credits

Recommended Preparation
BTECH 102 

MATH 097  or placement in MATH& 107  or higher, completion of ENGL 095  or placement in ENGL& 101 , or instructor permission.

A foundational course for accounting program students and students planning to transfer to a four-year institution. The theory and practice of financial accounting are introduced and developed. Involves the measuring of business income and expenses, the accounting cycle, merchandising transactions, and the relationship and preparation of the accounting statements. Includes emphasis on the accounting for current assets, property, plant and equipment.

Theory Hours
5 theory hours.

AA Specified Elective
Satisfies specified elective requirement for the AA degree.

Course Outcomes
  • Learn the basic accounting equation and it components
  • Explain the importance of business transactions and accounting measurement
  • Demonstrate the ability to record common business transactions
  • Understand the steps in the accounting cycle and identify and use the typical elements in a manual accounting system
  • Produce and interpret basic financial reports

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