ACCT 101 - Principles of Accounting

This course presents the theory and techniques of financial accounting. The course develops students’ understanding of accounting information as a basis for financial statement analysis and decision making, as well as the environment in which such information is developed and used. The course structure includes readings, lectures, discussions, and problem-solving. Topics include accrual basis accounting, transaction analysis, the accounting cycle, basic accounting ethics, and the preparation and analysis of financial statements (income statement, balance sheet, and statement of cash flows) for service, merchandising, and manufacturing companies. The course also includes AI-based projects designed to develop students’ questioning and critical evaluation skills through the use of AI-generated accounting responses.

Students must also register for a required discussion section with this course.

 

Anticipated Terms Offered: Offered every year.