Mar 03, 2024  
2022-2023 Academic Catalog 
2022-2023 Academic Catalog [ARCHIVED CATALOG]

ACCT 2301 - Principles of Financial Accounting (formerly: Principles of Accounting I) (formerly: Principles of Accounting I)

CIP Code: 52.0301.5104
Credit(s): 3
This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate analyze measure and record financial transactions. Students will use recorded financial information to prepare a balance sheet income statement statement of cash flows and statement of shareholders equity to communicate the business entitys results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets liabilities and owners equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS). 1,2,3,4

Registration Restrictions: Pass TSI English Requirements
Pass TSI Math Requirement
Pass TSI Reading Requirement
Faculty Consent: N