President Kim B. Clark
ACCTG 201 Financial Accounting Online
Credits: 3
Estimated Enrollment per Offering: 60 Students
Outcomes
Give students the opportunity to develop an understanding of and ability to work with accounting principles relative to the following:
- Theory of debit and credit
- Financial statements
- Journalizing
- Posting
- Adjusting and closing procedures
- Asset valuation
- Negotiable instruments
- Internal controls
- Liabilities
- Bonds
- Corporate accounting.
- Demonstrate written communication skills
- Practice interpersonal skills.
Description
This introductory course is designed to give students an introduction to financial accounting and reporting concepts including an overview of the accounting cycle, financial statements, related disclosures, and the ethical responsibility of accountants in business. Students will be expected to demonstrate proficiency in applying technical concepts to selected homework problems using word processing and spreadsheet applications. Students will also need to demonstrate writing proficiency in their assignments.
The course requires a thorough understanding of introductory financial accounting principles and the application of such principles to assigned homework problems. Students are required to use word processing and spreadsheet applications in their homework assignments. Students are expected to demonstrate writing skills in their homework and other written assignments and to demonstrate understanding of course content through quizzes and examinations.
Content and Topics:
- Financial Statements
- The Accounting Information System
- Accrual Accounting Concepts
- Accounting for Merchandising Firms
- Reporting and Analyzing Inventory
- Internal Controls and Cash
- Reporting and Analyzing Receivables
- Reporting and Analyzing Long-Lived Assets
- Reporting and Analyzing Liabilities
- Reporting and Analyzing Stockholders’ Equity
- Financial Statement Irregularities
Required Materials
TBD
Course Tools
TBD
