ACT 221 - Principles of Financial Accounting I

(3 credits)

45 lecture hours/15 lab hours
Prerequisites: Completion of required developmental courses or satisfactory ACCUPLACER score
Equivalent to ACCT 201 or ACCT 211
Accounting is the language of business. Financial Accounting Principles and concepts define methodologies for accurately recording business transactions and presenting them in financial statements that explain the economic conditions of a business as a basis of decision making by both external stakeholders, including owners and creditors, and by managers within the organization.