ACCOUNTING 2100 * We aren't endorsed by this school

ACCOUNTING 2100 Principles of accounting

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    • Profile picture
    Jul 07, 2016
    | Would recommend.

    Not too easy. Not too difficult.

    Course Overview:

    I would highly recommend this course for one, if you're a business major you have to take this course and two it makes the accounting realm seem not so dreadful. Prof. Beams did a wonderful job at keeping everything upbeat, which is absolutely essential when all the course discussions are about accounts and numbers. He has many stories that fit into the topics that will be taught, and these further emphasize that accounting can be a rambunctious experience if you just let all the accounting terminology flow. Overall, he will get you well prepared for the university mandated principles of accounting exam.

    Course highlights:

    This course goes over core concepts and basic principles in accounting. You will learn that no matter what, assets equal liabilities plus equity. You will go over types of assets, liabilities, and equities. Different types of financial statements will be discussed along with inventory changes companies go through. You will also cover a couple different types of depreciation and go over stocks and bonds as well. You will also spend a little time on cash flows, but these are discussed more greatly in a finance course. All of the things mentioned above will be taught to you in a manner that you will know exactly where they fit at in the A=L+E equation and what their proper accounts will be. You will have a basic knowledge of debits and credits within a fundamental accounting system. This is a principles class, so it will only build from here.

    Hours per week:

    3-5 hours

    Advice for students:

    Make sure to get a solid grasp on all the basic concepts that are taught. These concepts will be used to build on and reach more complicated subject matter. The math in this course is not difficult, it's adding and subtracting for the most part. It's the terminology that will throw you for a loop. Once you understand how the different pieces of what you will be learning fall into the whole big picture, everything will start to flow. This course isn't extremely difficult, but it's not a walk in the park. Study the concepts and it would help if you plaster the basic accounting equation you will learn on everything you do for the class. Remember assets equal liabilities plus equity. Always.

    • Fall 2015
    • Joseph Beams
    • Yes
    • Great Intro to the Subject Great Discussions

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