ACC 101-102 - Financial Accounting I,II

Institution:

Salve Regina University

Subject:

Description:

In these two courses students learn to prepare financial statements and understand the essential nature of these reports to the operating, financing, and investing activities of all business. Using fundamental concepts and principles, students analyze transactions to create the inputs to the accounting system. Students review the accrual basis of accounting and the adjustments required for proper financial reporting. Students then study merchandising operations, and the recording and controlling of cash, receivables, inventory, fixed assets, liabilities and the accounts that represent the equity of the stockholders of a corporation. Additionally, students learn to analyze financial statements by using ratio and comparative analysis. Students use Excel and the Internet to access and analyze the financial statements of publicly traded companies. 4 credits each.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.salve.edu

Phone Number:

(401) 847-6650

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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