ACG 2021C - Principles of Financial Accounting

Credits: 3

Prerequisites: MTB 1103, MAT 1033, MGF 1106, MGF 1107, MAC 1105, STA 2023, MGF 1130, or MGF 1131 with a grade of “C” or higher, or satisfactory scores on the math placement exam at the college algebra level.
The course is designed to familiarize the student with the theory, logic and concepts used in financial accounting. Course content includes journalizing, posting, preparing a trial balance, adjustments, corrections and closing; preparation of the income statement, balance sheet, changes in owner’s equity and cash flow statement; current assets, inventory, long-term assets and liabilities; corporate capital structure, retained earnings and financial statement analysis. Emphasis is placed on comprehension of accounting principles and concepts in addition to the mastery of accounting skills.

Terms Offered: Fall, Spring, Summer

Classification: A.A. Transferable

Contact Hours: 4
Hours: 4