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    Northeast Lakeview College - Northwest Vista College - Palo Alto College - San Antonio College - St. Philip’s College
   
 
  Nov 21, 2024
 
2023-2024 Transfer Advising Guides 
    
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2023-2024 Transfer Advising Guides [Archived Catalog]

ACCT 2301 - Principles of Financial Accounting



Prerequisites: Meet TSI college-readiness standard for Mathematics; or equivalent.
Corequisites: Recommended: MATH 1324   



Integrated Reading & Writing Basic Skills Prerequisite: INRW 0420  

Math Basic Skills Prerequisite: MATH 0320  

This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).
 

Note: A grade of C or better is required in ACCT 2301 to advance to

  . A grade of C or better in ACCT 2301 may be required for transfer. Check with the transfer institution.

Semester Hours: (3 -3- 0)

CIP: 52.0301.51 04

Offered at:
NLC: Yes
NVC: Yes
PAC: Yes
SAC: Yes
SPC: Yes


Click here for course schedule information.