The page uses Browser Access Keys to help with keyboard navigation. Click to learn moreSkip to Navigation

Different browsers use different keystrokes to activate accesskey shortcuts. Please reference the following list to use access keys on your system.

Alt and the accesskey, for Internet Explorer on Windows
Shift and Alt and the accesskey, for Firefox on Windows
Shift and Esc and the accesskey, for Windows or Mac
Ctrl and the accesskey, for the following browsers on a Mac: Internet Explorer 5.2, Safari 1.2, Firefox, Mozilla, Netscape 6+.

We use the following access keys on our gateway

n Skip to Navigation
k Accesskeys description
h Help
    Central Washington University
   
 
  Oct 22, 2017
 
 
    
2017-2018 Undergraduate Catalog
[Add to Portfolio]

ACCT 251 - Financial Accounting


Description:
An introduction to the theory and practice of accounting and financial reporting. Topics include the accounting cycle, financial statements, and corporate accounting for assets, liabilities, equities, revenues and expenses.

Credits: (5)

Learner Outcomes:
Students will be able to:

  • Provide definitions for key terms
  • Prepare the journal entries to record transactions
  • Prepare the journal entries to adjust the accounting records
  • Prepare financial statements from the accounting worksheet (trial balance)
  • Prepare the journal entries to close the temporary accounts
  • Calculate and interpret key financial ratios using the balance sheet and income statements
  • Demonstrate knowledge of periodic and perpetual inventory system
  • Demonstrate knowledge of multiple inventory methods
  • Demonstrate ability to work with petty cash and cash transactions
  • Demonstrate knowledge of uncollectible account transactions
  • Demonstrate knowledge of fixed assets and intangible assets
  • Demonstrate knowledge of corporate transactions
Approval Date:
1/20/11



[Add to Portfolio]