ACCOUNTING 110 * We aren't endorsed by this school

ACCOUNTING 110 Financial accounting

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    Great Intro to the Subject

    Go to Office Hours

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    • Profile picture
    Mar 15, 2017
    | Would recommend.

    Not too easy. Not too difficult.

    Course Overview:

    I would recommend this course because it gives you a basic understanding of how everything works in financial accounting, and what financial statements for companies mean. It also gives you a better understanding of deprecation, stocks and bonds.

    Course highlights:

    I learned how to prepare the four financial statements: an income statement, a statement of retained earnings, a balance sheet and a cash flow statement. I also learned that depreciation is not about value, its about allocating the fixed costs of a piece of equipment etc over its useful life. I learned the difference between cash basis accounting and accrual accounting and what is GAAP and what is not.

    Hours per week:

    9-11 hours

    Advice for students:

    This class is not too difficult if you really spend the time towards it, the course I took was a shortened semester so for time management it may be best to take this course as a 16 week course instead of 8 week course. Also, make sure you keep up with the homework and practice makes perfect. The learn smart is also a useful tool to succeed. If you cannot afford the Connect session do not take the class because you will not succeed without it. It is very helpful to have a laptop and internet at home because the homework and learn smart is online. If you have any questions, ask the professor before you get too far behind.

    • Winter 2016
    • Dent
    • Yes
    • Great Intro to the Subject Go to Office Hours
    • Profile picture
    Mar 14, 2017
    | Would highly recommend.

    Pretty easy, overall.

    Course Overview:

    Professor Boulware truly cares about her students and wants them to succeed. She makes it easy to understand the material and has a fun way of teaching which makes for a happy class environment. She works well with students and can explain the concepts in many different ways so they are fully understood. Professor Boulware was kind of enough to help me get a job the semester after I had taken her class. She is very thoughtful and I like I said earlier, she cares about her students! Best teacher I have had at St. Charles and I just finished my associates degree so I have been through a bunch by now.

    Course highlights:

    The whole first part of the course is kind of a review of applied accounting. She teaches it as if you have never taken and accounting class before which is a good review and helps you get a solid understanding of the basics. The highlights of financial accounting is all the ins and outs of the transactions. You learn a lot of different kinds of journal entries. This is the time where merchandising companies come into play and you learn what to do with all the extra costs like freight transportation. One thing that was difficult to understand was bonds. When the bonds chapter comes into play pay attention! The chapter after that is also hard and is similar to bonds.

    Hours per week:

    3-5 hours

    Advice for students:

    Do all the homework and you will do well on quizzes. If you get a 100% on the quiz she gives you stickers you can use on the test for questions you don't know the answers to and just skip them. Do not try to turn in anything late. She may be nice but has a strict policy and she will tell you no with a big smile on her face. If you participate in class or do the calculations in the notes as you go instead of just copying down everything, you will have a much better understanding when it comes time for the homework. It is really easy, you just have to put forth the effort.

    • Fall 2016
    • Anna Boulware
    • Great Intro to the Subject Many Small Assignments Great Discussions

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