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ACC 205 Financial Accounting

  • Average Course Rating (from 3 Students)

    4.8/5
    Overall Rating Breakdown
    • 3 Advice
    • 5
      67%
    • 4
      33%
    • 3
      0%
    • 2
      0%
    • 1
      0%
  • Course Difficulty Rating

    • Easy 33%

    • Medium 33%

    • Hard 33%

  • Top Course Tags

    Many Small Assignments

    Great Intro to the Subject

    Go to Office Hours

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    • Profile picture
    Jan 19, 2017
    | Would highly recommend.

    Pretty easy, overall.

    Course Overview:

    Really nice teacher and pretty easy class

    Course highlights:

    Our first accounting project, it seemed hard at first but after working on it for a while it was pretty interesting

    Hours per week:

    3-5 hours

    Advice for students:

    As long as you do all your homework you'll be fine.

    • Spring 2016
    • Fred Christensen
    • Yes
    • Many Small Assignments
    • Profile picture
    Jan 12, 2017
    | Would recommend.

    This class was tough.

    Course Overview:

    Financial accounting is a hard class, but if you do have to take it, I highly recommend that you take Professor Fred Christensen! He is very helpful, makes it easier to learn and wants to see students succeed! Accounting is a very useful skill, so even if you aren't required to take it for your major, it may be worth taking it as an elective. There are definitely real-life applications for this course.

    Course highlights:

    In this course, you will learn how to compile financial statements such as the balance sheet, statement of cash flows, and income statement. You will learn how to record journal entries, balance the books, and handle debits and credits as well as accruals and deferrals. The highlight of the course was probably the accounting project in which we recorded transactions for a firm. Though it was a lot of work, I learned so much and it really cemented the concepts for me! If you work hard on the accounting double entry project, you will do well on the final. It's all about getting the material conceptually.

    Hours per week:

    3-5 hours

    Advice for students:

    Even if you're the ultimate hacker, you just have to buckle down and do the work on this course. Do NOT, I repeat, do NOT just give up on something you don't understand. The material builds on itself. If you don't clearly understand previous concepts learned, you will have difficulties later on. If you are having trouble, talk to the GAs in the accounting room or talk to the professor. Both were very helpful. Next, one good thing to know is that you don't actually have to go to class. It's not mandatory, but you should go if you're struggling with a topic. Otherwise, so long as I understood the material, I got by just reading the text and doing the practice questions before tests on MyLab. On the double entry project, get on a team so you aren't doing all the work yourself! Then, when you've finished the project, go through it with the GA and ask them to check all your numbers. If you have stuff wrong, they will tell you and will help you work it out. If you work with the GA and put in the effort, there is no reason you can't get 100% on the double entry project. Lastly, don't cheat. Don't exchange projects with other students not on your team. Don't do the homework with other people. Don't look stuff up all the time on the tests. It will only come back to punish you in the end. YOU NEED TO KNOW THE CONCEPTS. I got an A+ in the class and you can too if you just put in the effort!

    • Fall 2016
    • Fred Christensen
    • Yes
    • Great Intro to the Subject Go to Office Hours Many Small Assignments
    • Profile picture
    Feb 17, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    This is a fantastic course for any business student to take regardless if you are an accounting major or not. There is some much I have learned in this class pertaining to running a business, and the teaching is done in a way that makes the learning interesting.

    Course highlights:

    The main thing I learned was how to read, understand, and prepare the various financial statements.

    Hours per week:

    3-5 hours

    Advice for students:

    Attend class! Do not skip because you will fall behind and not understand the homework.

    • Spring 2016
    • FredChristensen
    • Yes
    • Math-heavy Great Intro to the Subject Many Small Assignments


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