Accounting 101
Course Description
(Students should be cautious about enrolling in ACCT 310 or ACCT 311. These are professional courses requiring intensive study and analysis and are not to be undertaken casually. Students who have not taken ACCT 221 within the last two years may have difficulty.) Prerequisites: BMGT 110 (or at least two years of business or management experience) and ACCT 221. A comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310.
Course Goals/Objectives
This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to:
• provide a more extensive understanding of financial accounting principles and procedures and their role in the managerial decision-making process, through (a) the textbook and other written materials, (b) discussion of accounting topics via Web conferencing and online case study assignments, (c) research on the World Wide Web, and (d) FARS / Financial Accounting Research System
• present financial accounting processes, procedures, terminology, concepts, and case studies
• provide a higher level of problem-analysis and problem-solving ability through the use of CPA-level professional accounting materials
After completing this course, you should be able to:
• solve problems by analyzing, calculating, and completing accounting exercises covering topics of financial reporting
• apply accounting concepts, principles, and procedures to business, international, and ethical transactions and events, through real-world case studies and problem analysis
• interpret corporate financial statements, such as the income statement, statement of retained earnings, the balance sheet, and the cash flow statement, by analyzing statement sections and subsections in problems and
(Students should be cautious about enrolling in ACCT 310 or ACCT 311. These are professional courses requiring intensive study and analysis and are not to be undertaken casually. Students who have not taken ACCT 221 within the last two years may have difficulty.) Prerequisites: BMGT 110 (or at least two years of business or management experience) and ACCT 221. A comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310.
Course Goals/Objectives
This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to:
• provide a more extensive understanding of financial accounting principles and procedures and their role in the managerial decision-making process, through (a) the textbook and other written materials, (b) discussion of accounting topics via Web conferencing and online case study assignments, (c) research on the World Wide Web, and (d) FARS / Financial Accounting Research System
• present financial accounting processes, procedures, terminology, concepts, and case studies
• provide a higher level of problem-analysis and problem-solving ability through the use of CPA-level professional accounting materials
After completing this course, you should be able to:
• solve problems by analyzing, calculating, and completing accounting exercises covering topics of financial reporting
• apply accounting concepts, principles, and procedures to business, international, and ethical transactions and events, through real-world case studies and problem analysis
• interpret corporate financial statements, such as the income statement, statement of retained earnings, the balance sheet, and the cash flow statement, by analyzing statement sections and subsections in problems and