Academic Catalog 2024-2025

AC 251 Principles of Accounting I

The study of accounting as a means of recording and communicating financial information about an organization. Emphasis is placed on basic Generally Accepted Accounting Principles (GAAP) used to identify, record, and report financial results. The concepts and principles underlying the measurement of income, costs, and financial position are studied and practiced, along with the preparation and use of the Balance Sheet and Income Statement. Ethical practices and regulatory compliance procedures are also introduced and studied.

Credits

3

Offered

Fall, Spring