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ACCT 291. Accounting I

Credits: 3
Department: Accounting
Description: Accounting as a process of providing useful financial information to investors, creditors, management, and other users. The accounting process, financial statements, and the uses and limitations of accounting information.
Semester Offered:
  • Fall
  • Spring
  • Summer
Grading Method: ABCDF

Student Learning Outcomes

1. Prepare and use a balance sheet, income statement, and statement of stockholders' equity given transaction data and/or account balance data.
2. Predict the effect of business transactions on financial statements.
3. Calculate the effect of expense and revenue recognition on income statement values through the application of generally accepted accounting principles.
4. Calculate balance sheet values through the application of generally accepted accounting principles.






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