BA 211Z Principles of Accounting: Financial
Imparts an understanding of the purpose of accounting, common financial statement items, and the principles of internal controls. Focuses on recording the impact of economic events on account balances using U.S. Generally Accepted Accounting Principles, and the creation and analysis of financial statements to aid in external decision making.
Prerequisite
Prerequisites:
MTH 095 Intermediate Algebra, and
BA 101Z Business Foundations and
BA 101B Spreadsheet Analysis or equivalent, all with a grade of C or better.
Notes
Lower Division Transfer (LDT) Course
General Education Requirements
AAS Math/Computation
Outcomes
Upon successful completion of this course, students will be able to:
Describe the purpose of accounting and its role in business and society. Explain common balance sheet and income statement items and how they fit in the accounting equation. Analyze and record the impact of basic business events on account balances within the accounting cycle in accordance with U.S. Generally Accepted Accounting Principles. Create the income statement and balance sheet using account balances in accordance with U.S. Generally Accepted Accounting Principles. Describe the purpose and principles of internal controls. Conduct basic analysis and interpretation of the income statement, balance sheet, and cash flow statement to aid in stakeholder decision making.