ACCT 220 A501 Principles of Accounting I (2218) _ Syllabus _ Concourse.pdf

This preview shows page 1 - 2 out of 7 pages.

11/1/21, 5:27 AMACCT 220 A501 Principles of Accounting I (2218) > Syllabus | Concourse1/7Class SummaryW 06:00:00 PM 09:00:00 PMFaculty ContactJeremy Cripps [email protected]Course DescriptionAn introduction to the basic theory and techniques of contemporary financial accounting. The objective is to identify the fundamentalprinciples of accounting, identify and analyze business transactions, prepare financial statements, and communicate this information to userswith different needs. Topics include the accounting cycle, transactions, and the preparation of financial statements for single-owner businessorganizations that operate as service companies or merchandisers. Students may receive credit for only one of the following courses: ACCT220 or BMGT 220.Course IntroductionThis course provides the basic knowledge, skills, and abilities to record business events in an accounting information system. This coursedemonstrates how financial statements are prepared and their uses in the business environment, particularly the service and merchandisingindustries. Presentations include business entities such as partnerships and corporations, and what distinguishes the corporate structure fromsole proprietorships and partnerships.Topics include identifying and recording transactions in the five basic accounts (assets, liabilities, owners' equity, revenue, and expense),posting transactions to the general ledger, adjusting journal entries, and completing the accounting cycle. A strong emphasis is placed onjournal entries as they relate to current and long-term assets and liabilities, and to the payroll recording process.Note:This course is identified as a prerequisite for another course at UMGC. Successful completion of this course is required to advance to thenext course in a sequence. A grade of Withdrawal (W), Failure for non-attendance (FN), Failure (F) or Incomplete (I) will not meet a prerequisiterequirement. You may be barred from enrolling in or may be removed from courses for which you do not have the necessary prerequisites.Keep track of your progress in this course. If you are uncertain about your standing, consult with your instructor. You should also work with anacademic advisor to be sure you are aware of your options and are meeting all necessary program requirements when planning your schedule.Course OutcomesAfter completing this course, you should be able to• define the fundamental principles of accounting to describe basic business transactions• identify and analyze basic business transactions to record them in an accounting information system• prepare financial statements and documents in the appropriate formats• identify and communicate with users of accounting and financial information to facilitate analytical decision makingCourse MaterialsClick to access your course materials information(?

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 7 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Winter
Professor
N/A
Tags
Balance Sheet, Academia, Academic dishonesty, Accounting software, UMGC

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture