Nov 23, 2024  
2023-2024 Online College Catalog 
    
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2023-2024 Online College Catalog [Archived Catalog]

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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.

Prerequisites & Notes
None

Assignment Overview
  • Assignments: Varied Throughout the Term
  • Interactivity: Discussion Boards
  • Final Assessment: Non-Proctored Final Exam 


Course Learning Objectives
Upon completion of this course, you should be able to do the following:

  • Examine the information 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 interpret the annual report of a corporation.


Credits: 3


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