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. 

Credits

3

Offered

Fall, Spring

Student Learning Outcomes

1. Understand and differentiate between common types of businesses, the form of organization and the varied interests of a businesses’ stakeholders.
2. Describe the internal control environment of a business.
3. Understand and use the accounting equation.
4. Analyze, classify, summarize, record and report financial information.
5. Use proper estimation process for reporting various assets and liabilities.
6. Utilize the basic characteristics and accounting requirements for partnerships.