Preliminary 2024-2025 Yavapai College Catalog 
    
    Apr 19, 2024  
Preliminary 2024-2025 Yavapai College Catalog

ACC 131 - Principles of Accounting I

 ACC 2201.
Description: U.S. GAAP rules and procedures of accrual accounting applied to the preparation and interpretation of general-purpose financial statements. Principles and procedures of accrual accounting applied to preparation and interpretation of general purpose financial statements.

Credits: 3
Lecture: 3
Lab: 0

Course Content:
  1. Role of Accounting
  2. Introduction to Financial Statements
  3. Identifying, Analyzing, and Recording Business Transactions
  4. Adjustment Process
  5. Closing Process
  6. Merchandising Transactions
  7. Occupational Fraud and Internal Controls
  8. Current liabilities
  9. Financial statement analysis- An Introduction
  10. Accounting Information Systems
  11. Ethics in business and accounting
  12. Sustainability Reporting: Environmental, Social, and Governance

Learning Outcomes:
  1. Identify and apply U.S. GAAP (Generally Accepted Accounting Principles). (1-12)
  2. Perform general ledger bookkeeping for service and merchandising concerns. (1-7)
  3. Perform general ledger bookkeeping for sole proprietorships and corporations. (2-7)
  4. Prepare and interpret financial statements for sole proprietorships and corporations. (2, 3, 4, 5, 8, 9, 10)
  5. Define and assess general business and financial scenarios for ethical concerns. (7, 11, 12)