BUS 2201: Principles of Accounting

Description

Principles of Accounting contains an introduction to business accounting. Topics include accounting concepts and principles, financial statements, internal control design, and accounting for partnerships. Students will acquire and demonstrate knowledge and comprehension of the foundational theories and methodological tools utilized in accounting. The usefulness of theoretical constructs will be applied to solve real world accounting applications.

Objectives

  1. Examine the accounting cycle.
  2. Identify business transactions.
  3. Generate inventory systems and costing methods.
  4. Appraise the classes and transactions of liabilities.
  5. Formulate financial statements according to Generally Accepted Accounting Principles (GAAP).
  6. Analyze financial statements to inform decision makers.
  7. Evaluate internal accounting controls.
  8. Compare International Financial Reporting Standards (IFRS) to Generally Accepted Accounting Principles (GAAP).

PreRequisites

None

Textbook(s)

Horngren's accounting (Rev: 11th ed.)

Publisher: Pearson (01/04/2016)
Author: Miller-Nobles, T., Mattison, B., & Matsumura, E. M.
ISBN: 978-0-13-385678-1
Price: $320.39

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact Student Services at students@waldorf.edu