Course Description
Introduction to financial accounting covering the accounting cycle, preparation of financial statements, and accounting for merchandising operations. It includes accounting for cash, receivables, inventory, property plant and equipment, current liabilities, payroll, long-term liabilities and corporations. Group 2 course.
Credit Hours
4
Contact Hours
4
Lecture Hours
4
Required Prerequisites
Placement into
MTH 011/111 or higher, or completion of
MTH 100 with a 2.0 or better.
Recommended Prerequisites or Skills Competencies
BUS 105General Education Outcomes supported by this course
Quantitative Reasoning
Course Learning Outcomes
Knowledge:
- Demonstrate the accounting for various types of assets and liabilities.
Application:
- Use accounting concepts and skills found in real life situations.
Integration:
- Evaluate various real life scenarios using accounting knowledge, concepts, and skills.
Human Dimension:
- Identify patterns in their own developing accounting knowledge.
Caring - Civic Learning:
- Engage in ethical decision making regarding accounting.
Learning How to Learn:
- Reflect on their own developing accounting knowledge regarding future career options.