ACC 201: Introduction to Financial Accounting (3 credits)

Catalog Description

Introduction to accounting theory and methods used to record and report financial information according to generally accepted accounting principles. Taught as a WebCT hybrid course. (3 hrs. lect.)

Student Learning Outcomes

• Describe and understand the nature, environment and role of accounting as it relates to individuals, business organizations, and the business community.
• Analyze, record and report the business activities and transactions of a service and/or merchandising type organization using GAAP.
• Understand and describe what internal controls are, including its basic components and limitation, and apply internal control activities in the control of cash and merchandising transactions.
• Apply generally accepted accounting principles (GAAP) in accounting for financial assets and liabilities including, but not limited to, short term financial assets, inventories, long-term assets, and current liabilities.

Degrees and Certificates at WCC the Course Applies To

• Required for Academic Subject Certificate in Business

Pathfinder to resources on:

• Accounting

Current Syllabus

• Spring 2008 - taught by Marvin Yoshida

Past Syllabi

None