Mar 29, 2024  
Learning Outcomes Catalog 
    
Learning Outcomes Catalog

ACCT 2110 - Principles of Accounting I

Student Learning Outcomes
Required:

  1. Analyze business transactions, their effects on the financial statements and the interrelationships of the financial statements involving the following:
    1. Cash transactions
    2. Receivables and Net Realizable Value
    3. Operational Assets and Depreciation
    4. Inventory
    5. Current Liabilities
    6. Long-term Liabilities
  2. Define, identify and demonstrate the impact of adjusting entries on financial statements.
  3. Explain and demonstrate the differences between cash and accrual basis accounting.
  4. Define and identify generally accepted accounting principles.

Required to be included in either ACCT2113 or 2123:

  1. Analyze equity ownership transactions and their effect on the financial statements.
  2. Identify the cash flow statement activities and explain the purpose of the cash flow statement.
  3. Perform ratio analysis to evaluate financial statements.

Course Description
An introduction to financial accounting concepts emphasizing the analysis of business transactions in accordance with generally accepte accounting principles (GAAP), the effect of these transactions on the financial statements, financial analysis, and the interrelationships of the financial statements.
Credits: 3