ACCT 101 - Financial Accounting

Institution:

Citrus College

Subject:

Accounting

Description:

Strongly recommended: ACCT 100 or high school bookkeeping, or related job experience. The objectives of this course are to learn the content and meaning of the basic financial statements and their impact on the decision-making process in the business environment. This course will provide a broad overview of the importance of accounting in the business process as well as introduce the student to the double entry system of accounting, how to record, process and report on the business transactions and events and to consider the operating cycles in business. Topical areas covered in this class will include cash, accounts, inventory, property, plant and equipment, intangible assets, current liabilities and stockholder equity. The importance of internal controls will be reviewed and the components of the income statement will also be discussed. 72 lecture hours. CSU;UC

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.citruscollege.edu

Phone Number:

(626) 963-0323

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

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