ACCT 211 - Financial Accounting

3 credits
3 hours per week.

This is an introductory accounting course focusing on financial accounting designed specifically for accounting majors. It emphasizes the accounting cycle including the accrual-basis system for recording transactions, adjusting entries, financial statement preparation, and closing entries. Other topics to be covered are: accounting for merchandising activities, valuation accounts receivable, inventory, short term investments, plant assets, natural resources, and current liabilities.

Prerequisite(s) ENGL 101 or ENGL 111 completed with grades of “C” or higher
Co-Requisite(s) INSS 141 and MATH 110 or MATH 113 previously completed with grades of “C” or higher or taken as a corequisite of the course
Offered (FALL/SPRING)