ACCT 201 - Principles of Accounting I

3 credits
3 hours per week.

This is an introductory accounting 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 and INSS 141 and MATH 109 or higher with grades of “C” or higher.
Offered (FALL/SPRING)