BA 211Z - Principles of Financial Accounting 4 Credit(s)
Prerequisite(s):
BA 131 or CIS 120 and BT 160 or higher-level math.
Course Description: Imparts an understanding of the purpose of accounting, common financial statement items, and the principles of internal controls. Focuses on recording the impact of economic events on account balances using U.S. Generally Accepted Accounting Principles, and the creation and analysis of financial statements to aid in external decision making.
Course Learning Outcomes:
- CLO#1: Describe the purpose of accounting and its role in business and society.
- CLO#2: Explain common balance sheet and income statement items and how they fit in the accounting equation.
- CLO#3: Analyze and record the impact of basic business events on account balances within the accounting cycle in accordance with U.S. Generally Accepted Accounting Principles.
- CLO#4: Create the income statement and balance sheet using account balances in accordance with U.S. Generally Accepted Accounting Principles. (ILO: Critical Thinking)
- CLO#5: Describe the purpose and principles of internal controls.
- CLO#6: Conduct basic analysis and interpretation of the income statement, balance sheet, and cash flow statement to aid in stakeholder decision making.
Typical Required and Recommended Equipment and Materials: Pens, #2 pencils, erasers, paper, and access to a computer for assignments. Microsoft © Excel access for homework templates.
ACTI Code and Course Type 100 Lower Division Collegiate
Length of Course: A required state minimum of (40) and a standard RCC delivery of (44) lecture hours per term, not to exceed (48) hours per term.
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