BUS 2201: Principles of Accounting

Description

Provides an introduction to business accounting. Topics include accounting concepts and principles, financial statements, internal control design, and accounting for partnerships. Students demonstrate knowledge and comprehension of the foundational theories and methodological tools utilized in accounting. Theoretical constructs are applied to solve real-world accounting applications.

Objectives

  1. Examine the accounting cycle.
  2. Identify business transactions.
  3. Prepare inventory systems and costing methods.
  4. Detail the classes and transactions of liabilities.
  5. Apply the use of financial statements to the decision-making process.
  6. Explain internal accounting controls.
  7. Compare and contrast International Financial Reporting Standards (IFRS) to Generally Accepted Accounting Principles (GAAP).

PreRequisites

None

Textbook(s)

Accounting principles (Rev: 13th ed.)

Publisher: Wiley (2018)
Author: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E.
ISBN: 9781119410980
Price: (No information available)

* 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