Accounting Cycle Supplement
Solid Footing: Building an Accounting Foundation,
edition, by Dan Wiegand, (Micro Solve, Inc., 2008).
Sixth Edition, by Libby, Libby, and Short, (McGraw-
Homework solutions (to be made available on Blackboard)
Instructor PowerPoint Slides (to be made available on Blackboard)
Sample 311 Exams
(to be made available on Blackboard)
Student CD ROM
Sixth Edition (Generally only available with new
Sixth Edition (may be packaged with new
textbooks or may be
Website for the text
The prerequisite for this course is twenty-four semester hours of (prior) college credit.
If you do not satisfy
this prerequisite, you should drop ACC 311, or the Office of the Dean of Undergraduate Programs will drop
you from the course.
Instructors may not waive prerequisites to their courses.
Objectives of the course:
To learn the following:
The nature and purpose of accounting for business, government, non-profit organizations and
society in general, with emphasis on corporate business entities.
The use and interpretation of financial reports (i.e., income statements, balance sheets, statements of
retained earnings, statements of cash flows) prepared for users external to businesses (i.e., owners,
creditors, government and investors).
C. The concepts and standards underlying the measurements used in accounting to develop the financial
statements of businesses.
D. Accounting methods and their use as an orderly means of recording, classifying, and presenting