BC 265 - Principles of Accounting I

Institution:

Mount Mercy University

Subject:

Description:

This first course in accounting provides an introduction to the elements of financial accounting including the accounting cycle and the four basic financial statements-the balance sheet, the income statement, the statement of owner's equity, and the statement of cash flows. The various asset accounts, cash, accounts receivable, inventories, and property, plant, equipment, will be studied in-depth. Accounting for payables and other current liabilities also will be explored. Students should possess basic algebra skills.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.mtmercy.edu

Phone Number:

(319) 363-8213

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Four-one-four plan

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