ACCT 201 Principles of Accounting I
A study of the basic principals of the accounting cycle with emphasis on current assets; property, plant, and equipment; and current liabilities. Concludes with an introduction to partnerships.
Offered
Fall, Spring
Student Learning Outcomes
- Understand and differentiate between common types of businesses, the form of organization and the varied interests of a businesses’ stakeholders.
- Describe the internal control environment of a business.
- Understand and use the accounting equation.
- Analyze, classify, summarize, record and report financial information.
- Use proper estimation process for reporting various assets and liabilities.
- Utilize the basic characteristics and accounting requirements for partnerships.