6117 Principles of Accounting

Course Description

This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: collecting, recording, processing and communicating of economic data to produce useful accounting information. This course is a fundamental study of the principles and procedures of accounting as applied to sole proprietorship, partnership and corporations.
The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.

Learning Objective

  • 1. Students will demonstrate their knowledge of the fundamental and technical concepts of accounting.
  • 2. Students will demonstrate the ability to interpret and use of financial statements in managing and analyzing business operations.
  • 3. Students will demonstrate making ethical decisions in financial reporting
  • 4. Students will demonstrate critical-thinking and problem-solving skills.

Credits

    3

Books for this Course

  • Textbook: Accounting Principles 10th edition by Weygandt, Kimmel and Kieso

Times Offered

  • September 2014
  • January 2015
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