ACC-1010 Principles of Financial Accounting
This course introduces students to key accounting principles used to record real-world business transactions, prepare financial statements, and interpret a company’s financial performance. Accounting is often called “the language of business” because it provides external stakeholders such as investors and creditors as well as internal stakeholders such as management with the financial information necessary to make well-informed business decisions. In this course, students learn how to prepare the financial reports that are used by external parties in real-world situations. Key points of study include the accounting cycle, merchandising operations, cash and other financial assets, long-term assets including property and intangibles, current and long-term liabilities, components of stockholders’ equity, and the statement of cash flows.
Advisory: Working knowledge of Microsoft Excel is required.