ACCT 301 Intro to Accounting

Instructor

53 Students enrolled

Description
Curriculum

ACCT – 301 Introduction to Accounting is a self-study course whose grade is based solely on the final examination. The course of study that is necessary to be prepared for the final examination consists of fifteen lessons based on the readings from the textbook. Students should read the entire text of all the reading assignments. There are no formal homework assignments, but students are encouraged to answer all the review questions at the end of each chapter to ensure that they have understood the relevant course material are well prepared for the final exam.

Course Description:
This course gives an introduction to financial accounting. It covers the accounting cycle, merchandising concerns, and financial assets as well plant assets, liabilities and stockholders’ equity. Topics include recording business transactions, summarizing these transactions, and preparing, interpreting and using financial statements.

Learning Outcomes:
Upon successful completion of the course, students will be able to:

Identify users of financial accounting information
Interpret the components of a transaction, the related debit/credit theory, and how the general journal and ledger relate to the accounting process and to financial statements
Prepare and interpret basic financial statements: income statement, statement of owners’ equity balance sheet

Demonstrate the steps and related transactions in the accounting cycle, including the adjusting process and the closing process
Prepare the accounting and related transactions for merchandising businesses, various inventory accounting methods, purchase and depreciation/amortization of plant assets and intangible assets, long-term liabilities and stockholders’ equity accounts

Starting Course