ACCT& 201 Principles of Accounting I

5 CR

Introduction to the theory and principles of the accounting cycle and accounting concepts of a corporation. Includes general journal transactions, posting transactions to the ledgers, adjusting and closing entries, inventory valuation methods, and the process of preparing and interpreting financial statements.
Prerequisite(s): ACCUPLACER QAS (254) or higher or MATH 098 with a C or higher.