Description
ACC 201 PRINCIPLES OF FINANCIAL ACCOUNTING The first of a two-semester introduction to accounting. The class covers accounting concepts and principles, evaluating and recording business transactions, adjustments, trial balance, prepaids, accruals, inventory accounting, gross margin, internal control, cash management, receivables management, plant assets, intangibles, depreciation, current liabilities, payroll, and partnerships. Students compile and analayze Income Statements, Balance Sheets and Owner’s Equity Statements. The goal of the course is to prepare students for business decision making using accounting information. Prerequisites: MGT 101, concurrent enrollment in MTH 110, ENG 101 “C-” or better.
Requirement: “C-” or better