University General Course Catalog 2022-2023 
    Feb 04, 2023  
University General Course Catalog 2022-2023
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ACC 201 - Financial Accounting

(3 units)
Purpose and nature of accounting, measuring business income, accounting principles, assets and equity accounting for external financial reporting.

Prerequisite(s): Sophomore standing; MATH 120  or MATH 120E  or MATH 124  or MATH 124E  or MATH 126  or MATH 126E  or MATH 127  or MATH 128  or MATH 181   or STAT 152 .

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall, Spring, and Summer

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. accurately apply financial terminology used in business transactions and the classification of accounts for the purpose of learning to read and comprehend financial statements.
2. analyze and record business transactions in a financial accounting system.
3. successfully model the accounting cycle.
4. prepare Financial Statements in accordance with Generally Accepted Accounting Principles (GAAP).

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