ACCT 2010 Financial Accounting

The recording, summarizing, reporting, and analyzing of economic activities of a business organization. Equivalent to a first course in accounting principles, the central focus is on the financial statements that are required for external reporting, including the formulation of these statements and their application to decision making.

Registration Name

Financial Accounting

Lecture Hours

3

Lab Hours

0

Credits

3

Offered

Demorest: Fall and Spring, Online: Spring

Student Learning Outcomes

At the completion of this course, students will be able to:

• Demonstrate the ability to convert economic activity into accounting journal entry transactions.
• Display a working knowledge of the accounting cycle, from journal entries to financial statements.
• Demonstrate the ability to draw appropriate investor and creditor conclusions from financial statement analysis.
• Understand the application of generally accepted accounting principles to specific asset, liability, stockholders' equity, revenue and expense accounts.