AC 210 - Financial Accounting
This is the first accounting course for non-business and business students alike. Covers the complete accounting sequence through preparation of financial statements as applied to various forms of business organization. No prior knowledge of business or bookkeeping is needed for this course.
Assignments: 5 Units
Final Assessment: Non-Proctored Final Exam
Course Learning Objectives
Upon completion of this course, you should be able to do the following:
- Understand what information is being presented by the income statement and balance sheet.
- Describe the monthly accounting cycle, its adjustments, and its results.
- Define what is meant by “profit” and “loss” and how they may be influenced by the choice of accounting methods.
- Describe the effect economic stimulus and taxation policies (at the federal level) have on accounting choices.
- Read and understand the annual report of a corporation.
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