Course Details

ACCT 101 - Financial Accounting I

Accounting 101 introduces the basic principles, concepts, and applications of financial accounting. This course is a pre-requisite for Accounting 102. The course will emphasize the practical application of accounting and will include the following topics covered in chapters one through seven of the course textbook:

• financial reporting and the accounting cycle, including analyzing and recording financial transactions, adjusting accounts for financial statements, and preparing worksheets and financial statements
• accounting for merchandising activities
• inventory valuation and cost of sales
• internal control and cash.