ACCT 2010 Accounting I

The recording, summarizing, reporting and analyzing of economic activities of a business organization. Equivalent to a first course in accounting principles, the central focus is on the financial statements that are required for external reporting, including the formulation of these statements and their application to decision making.

Credits

3

Prerequisite

none

Typically Offered

Athens Campus: spring evening, summer evening — Demorest Campus: fall day, spring day

Student Learning Outcomes

At the successful completion of this course, students will be able to:

1. Demonstrate the ability to convert economic activity into accounting journal entry transactions.
2. Display a working knowledge of the accounting cycle, from journal entries to financial statements.
3. Demonstrate the ability to draw appropriate investor and creditor conclusions from financial statement analysis.
4. Understand the application of generally accepted accounting principles to specific asset, liability, stockholders' equity, revenue and expense accounts.