Jun 14, 2024  
2023-2024 Academic Catalog 
2023-2024 Academic Catalog Archived Catalog

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ACTG 201 - Principles of Financial Accounting

Credit(s): 4

An introduction to the theory and application of accounting, this course covers double entry accounting, the accounting cycle, merchandising operations, control accounts and subsidiary ledgers, internal control, cash, short-term investments, accounts receivable, merchandise inventory, plant assets, current liabilities, long-term liabilities, payroll, financial statement disclosures and partnership accounting. (Fall and Spring Semesters)

Course Learning Outcomes: Upon completion of the course, students will be able to
  • Utilize appropriate accounting terminology
  • Explain the accounting cycle and prepare accounting records and financial statements.
  • Prepare accountant’s working papers.
  • Allocate revenue and expenses to the appropriate accounting periods.
  • Explain the conceptual framework of accounting and the nature of the accounting profession.
  • Develop effective communication skills through reading, listening, writing, and speaking.

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