ACC 101 — Introduction to Financial Accounting
Presents accounting as an information system that produces summary financial statements primarily for users external to a business. Emphasizes the reporting of the effect of transactions and other economic events on the financial condition and operating results of a business. Topics include basic accounting concepts, financial statements, accrual and cash basis, the accounting cycle, monetary assets, inventories, fixed assets, current and long-term liabilities and owner's equity. The course assumes a corporate form of organization. Note: High school algebra is recommended. IAI BUS 903
Part of
- Accounting Assistant (Certificate)
- Accounting Associate (AAS)
- Accounting Bookkeeper/Clerk (Certificate)
- Advanced Accounting Bookkeeper/Clerk (Certificate)
- Business Administration - Customer Success and Sales (AAS)
- Business Administration - Financial Management (AAS)
- Financial Management (Certificate)
- Business Administration - Human Resources Management (AAS)
- Information Systems (AAS)
- Business Administration - Insurance (AAS)
- Insurance (Certificate)
- Business Administration - Management (AAS)
- Post Baccalaureate - CMA Preparation (Certificate)
- Post Baccalaureate - CPA Preparation (Certificate)
- Business Administration - Social Media Specialist (AAS)
- Supply Chain Management (AAS)
- Tax Accounting Assistant/Enrolled Agent (EA) Preparation (Certificate)