2023-24 Undergraduate Catalog

ACCT 221 Principles of Accounting I

A study of the fundamental principles of financial accounting and reporting as they relate to today’s business environment. This course focuses on the nature of financial statements and the accounting cycle for service and merchandising entities, how those financial statements are created, and how they are used by management, investors, creditors, and other stakeholder groups. Emphasis will be placed on discussions of major balance sheet accounts including cash, receivables and other financial assets, inventories, noncurrent operating assets, liabilities, and stockholders’ equity.

Credits

3

Distribution

Business

Offered

Fall day, Spring S1 evening.