ACCT 210 - Introduction to Financial Accounting

Institution:

Point Park University

Subject:

ACCOUNTING

Description:

Introduction to and application of financial accounting concepts relating to the importance of accounting in business and the application of generally accepted accounting principles related to the collection, recording, analysis, interpretation, and reporting of financial accounting information. Pre: MATH 180 CourseObjectives (1) Students will discuss the role of financial accounting, including identifcation of its governing organziations ,foundational equation,elements, concepts and general purpose reports. (2)Students will apply financial accounting concepts to complete the accounting cycle, including analysis of business transactions, adjustments, posting, preparation of the four general purpose financial statements and closing entries. (3) Students will discuss and apply accounting concepts related to current and long-term assets, including cahs, recievables, inventory, property plant, and equipment and investments. (4) Students will discuss and apply accounting concepts related to current and long-term liabilities, including accounts payable, payroll liabilities and notes. (5) Students will discuss and apply accounting concepts related to equity, including paid-in capital and retained earnings.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pointpark.edu

Phone Number:

(412) 391-4100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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