ACCT& 201 - Principles of Accounting I

5 CR

Presents the nature and social setting of accounting, uses of accounting information, and basic concepts and procedures. The first accounting course required of business administration students planning to transfer to a four year college or university.

Prerequisite(s): ENGL 101 with a C or better and completion of MATH 138 or higher with a C or better, or placement into MATH 142 or MATH 148 or higher, or permission of the program.

Course Outcomes

Identify the purpose and uses of financial accounting
Apply basic accounting principles and assumptions to business transactions
Employ double-entry bookkeeping to record and report on basic business operational transactions in an accounting system
Describe the impact of basic operating transactions on a business’s financial position
Critically analyze a business’s financial position and operational results
Discuss the origins of fraud and means by which a business may protect itself from it
Demonstrate business communications skills through a variety of assessments such as team assignments, oral presentations, and written documents

GenEd Outcomes: Creative and Critical Thinking

Critical Thinking/Problem Solving
Quantitative/Symbolic Reasoning

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