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:
Upon successful completion of this course, the student will be able to:

Compare cash versus accrual accounting and reporting.
Identify the impact of a business transaction on the steps within the accounting cycle.
Categorize and differentiate the accounting elements and related accounts.
Analyze and compare financial statements.
Interpret financial statements.

Learner Outcomes Approval Date:
5/8/20

Anticipated Course Offering Terms and Locations: