Principles of Financial Accounting

Principles of Financial Accounting
First course in concepts and methods underlying financial statements.
 Hours3.0 Credit, 3.0 Lecture, 1.0 Lab
 OfferedIndependent Study only.
 ProgramsContaining ACC 201
Course Outcomes

Financial Statements

Construct and interpret a balance sheet and income statement.

Internal Accounting Tools

Construct and use internal accounting tools such as budgets, product cost reports, breakeven analysis, and non-routine decision analyses.

Analyzing Transactions

Analyze transactions, record those transactions, and then use the accounting cycle to generate accounting reports.

Financial Accounting Rules

Apply the financial accounting rules that exist in the following areas: revenue recognition, inventory, compensation, long-term assets, bonds, and leases.

Ethical Dimensions of Business Problems

Intelligently discuss the ethical dimensions of a variety of accounting-related business problems.

Computer-Aided Tools

Use computer-aided learning tools and online learning resources.

Managing Workloads

Manage workload in a self-paced learning environment.