ACCT 2010 Principles of Accounting I

A study of the basic principles of accounting as they apply to a sole proprietor, partnership and corporation. Prerequisite: Completion of MATH 0920, or test in MATH 0930 or higher. (4 lect.)


4 credits

Transfer Status

Equivalent to UW.

Major Topics

  • Accounting:  The Language of Business.
  • Recording Changes in Financial Position
  • Measuring Business Income
  • Completion of the Accounting Cycle
  • Accounting for Merchandising Activities; Classified Financial Statements
  • Accounting Systems, Internal Control, and Audits
  • The Control of Cash Transactions
  • Accounts Receivable and Notes Receivable
  • Inventories and the Cost of Goods Sold
  • Plant and Equipment, Depreciation and Intangible Assets
  • Liabilities Common to Most Business Organizations
  • Accounting Concepts, Professional Judgment, and Ethical Conduct