ACCT 2010 Principles of Accounting I
A study of the basic principles of accounting as they apply to a sole proprietor, partnership and corporation. Prerequisite: Completion of
MATH 0920, or test in
MATH 0930 or higher. (4 lect.)
Major Topics
- Accounting: The Language of Business.
- Recording Changes in Financial Position
- Measuring Business Income
- Completion of the Accounting Cycle
- Accounting for Merchandising Activities; Classified Financial Statements
- Accounting Systems, Internal Control, and Audits
- The Control of Cash Transactions
- Accounts Receivable and Notes Receivable
- Inventories and the Cost of Goods Sold
- Plant and Equipment, Depreciation and Intangible Assets
- Liabilities Common to Most Business Organizations
- Accounting Concepts, Professional Judgment, and Ethical Conduct