Business

This course will introduce you to financial accounting in preparation for more advanced business topics. Recording financial information in a standard format allows managers, investors, lenders, stakeholders, and regulators to make appropriate decisions. In this course, we will look at the Income Statement, Balance Sheet, Statement of Cash Flows, and Statement of Shareholders' Equity. You will learn how to compile and analyze these financial statements, determine the value of a firm, and compare the firm to its competitors.

ACCT 201 is an introduction to the fundamentals of financial accounting. This is the first of a two part sequence in financial accounting. In this course we will explore the framework for all accounting processes. Students will learn to record economic events and follow a business process through the steps of the accounting cycle.

ACCT 202 is the second in the sequence of two corporate financial accounting courses. The course is designed for students who have successfully completed ACCT 201. We will expand on the basic framework covered in the first course. The course goal is to provide a basic foundation for further study in accounting and the relationship to the business core and to prepare the student for further study in other business courses.

This is an introductory course in managerial accounting that transfers to four year institutions. It is commonly the last accounting class for the transfer student intent on a Bachelor’s Degree in Business/Economics fields.