ACC 201 Principles of Financial Accounting

This course is an introduction to the basic concepts and principles underlying financial accounting systems used to report a company’s position. Coverage includes an overview of accounting principles and the recording of business transactions, the accounting cycle, evaluation of assets and liabilities, and the construction and analysis of financial statements. The course also addresses financial fraud and its prevention by using internal control procedures. Pre-requisite(s): BUS 101 or BUS 430. Co-requisite(s): None. 5 quarter hours