ACCT 201 - Principles of Accounting I

3 Credits
Three hours per week.

This is an introductory account- ing course with a focus on financial accounting. The course introduces the accounting cycle that includes the double entry system for recording transactions, adjusting and closing entries, and preparation of financial statements. In addition, the accounting for merchandising activities, inventory valuation, receivables, short- term investments, plant assets, natural resources, intangible assets and current liabilities are discussed.

Prerequisite(s) ENGL 101 OPR ENGL 111, INSS 141, MATH 110 or MATH 113 with a grade of “C” or better.
Offered (FALL, SPRING).