ACCT& 201 - Principles of Accounting I (AE)

5 Unit(s)

Prerequisite(s) MATH 096 or equivalent or instructor permission
ICRC Approved Elective

Fundamental principles of double-entry accounting following Generally Accepted Accounting Principles (GAAP), including theories and procedures used to report business transactions and financial statements for sole proprietorships through the accounting cycle. Topics include: the accounting equation; debits and credits; journal entries; internal controls; bank reconciliations; accounting for receivables, inventories, and fixed assets; and financial statement preparation.