Principles of Accounting

Principles of Accounting
Financial and managerial accounting principles. Basic accounting statements, processes, and management applications. Open to all students.
ACC
200
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesNone
 TaughtFall, Winter, Spring
 OfferedIndependent Study also.
Course Outcomes

Intelligently Converse

Intelligently converse about the following areas:

a. The role of accounting in international business

b. The role of information systems in financial reporting

c. Fraud and how to prevent fraud

d. The theory and practice of income taxes

e. Investing in stocks

f. Career planning and spiritual decision making

g. Managerial accounting as a competitive tool

h. Personal budgeting and financial planning

Balance sheets and income statements

Construct and interpret a balance sheet and income statement understanding its usefulness in business and investment decision making.

Internal Accounting tools

Construct and use internal accounting tools such as cost-volume-profit analysis, budgets, product cost reports, and nonroutine decision analyses to understand how to make better business management decisions.

Terms and Concepts

Comfortably use accounting terms and concepts in business-related discussions.

Write a Memo

Write a brief, focused memo demonstrating basic understanding of background business reading material.

Tools and Resources

Use computer-aided learning tools and online learning resources.

Learning Outcome

Manage workload in a self-paced learning environment.