ACCT& 201 - Principles of Accounting I

5 credits

Recommended Preparation
BTECH 102.

Prerequisites
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 business transactions
Interpret and demonstrate the steps in the accounting cycle
Produce and interpret basic financial reports

Add to Portfolio (opens a new window)