Catalog Course Search Details

 Department:    ACCT&

 Course #:    201

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520301

 EPC:    n/a

 REV:    2021

 Course Description  

Introduction to financial accounting as an essential part of business decision making. The concepts of asset/liability valuation and reporting, income measurement, inventory systems and the interpretation of financial statements are presented. Required for business majors transferring to 4 year business programs.

 Prerequisite  

Prerequisite: ENGL 099 with a "C" or higher (or placement into ENGL& 101).

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Academic Elective  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Analyze and record financial transactions and maintain general ledger accounts.
2. Prepare financial statements

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Accounting principals and prctices
2. Accounting systems for recording business transactions
3. The matching concepts and the adjusting process
4. Completion of the accounting cycle
5. Merchandising transactions
6. Financial statements
7. Accounting systems
8. Accounting for cash
9. Accounting for receivables and temporary investments
10. Accounting for inventories
11. Decision making cases
12. Ethics cases