ACCT291 - Accounting I

General

Prefix

ACCT

Course Number

291

Course Level

Undergraduate

Instruction Mode

Lecture

Department(s)

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.

Prerequisites

Credits

Min

3

Max

3

Repeatable

No

Goals and Diversity

MN Goal Course

No

Cultural Diversity

No

Learning Outcomes

Outcome

Prepare and use a balance sheet, income statement, and statement of stockholders' equity given transaction data and/or account balance data.

Outcome

Predict the effect of business transactions on financial statements.

Outcome

Calculate the effect of expense and revenue recognition on income statement values through the application of generally accepted accounting principles.

Outcome

Calculate balance sheet values through the application of generally accepted accounting principles.

Course Outline

Course Outline

Generally accepted accounting principles. 20% Revenue recognition calculation. 20% Balance sheets. 20% Income statements. 20% Statement of stakeholder equity. 20%

Dependencies