Principles of Accounting I

Catalog description

Prerequisite: ACC 100. This introductory financial accounting course provides instruction in the theory and practice of accounting applicable to recording, summarizing, and reporting of business transactions for external reporting and other external uses. Subject matter includes coverage of asset valuation, revenue and expense recognition, cash flow, internal controls and ethics, and the appropriate accounting for various asset, liability, and capital accounts. This course is required for business majors preparing for, and planning to transfer to, a four-year college or university.