ACCT& 201 - Principles of Accounting I

Credits: 5
The first course in the accounting transfer sequence. Introduces basic principles, concepts, theories and procedures of recording, analyzing, and interpreting financial data. Students learn fundamentals of the accounting cycle, recording and classifying of transactions, and construction of financial statements. Students study manual and electronic accounting systems, accounting for cash, internal control, receivables, payables, and inventory. Includes computer application.

Prerequisite: Eligible for ENGL& 101 and MATH 147; or instructor’s permission.