Catalog: 2014–2015 Catalog Year

ACC 201: Financial Accounting

General Information

  • Name: Financial Accounting
  • Discipline: Accounting (ACC)
  • Units (Credits): 3
  • Transfer Information: Courses with numbers 100 to 299: This course is designed to apply toward a WNC degree and/or transfer to other schools within the Nevada System of Higher Education, depending on the degree chosen and other courses completed. It may transfer to colleges and universities outside Nevada. For information about how this course can transfer and apply to your program of study, please contact a counselor.
  • Academic Division: Career and Technical Education

Prerequisites and Recommended Courses

Course Outline

I: Catalog Course Description

Introduces the basic principles of financial accounting for business enterprises with special emphasis on accounting for corporations. Includes theory of debit and credit, accounting cycle, special journals, receivables, depreciation, inventory, long-term debt, corporate capital, and preparation of basic financial statements.

II: Course Objectives

This course introduces the basic principles of financial accounting for business enterprises with special emphasis on accounting for corporations. Includes theory of debit and credit, accounting cycle, receivables, depreciation, inventory, long-term debt, corporation capital, and preparation of basic financial statements.

  • To provide information in the areas of Economics and Accounting that is vital to all those who are to participate in the business world.
  • To develop an understanding and appreciation of accounting principles and practices for general, vocational, and professional purposes.
  • To provide detailed information on specialized areas of the balance sheet and income statement.

III: Course Linkage

Linkage of course to educational program mission and at least one educational program outcome.

This class meets a requirement for the following programs: AAS-Accounting Emphasis, AAS- General Business Emphasis, AAS- Management Emphasis, AAS- Office Technology, AAS- Real Estate Emphasis, Retail Management Certificate of Achievement, and Accounting Technician Certificate of Achievement.

ACC 201 addresses the following Student Learning Objectives of ensuring that students are able to demonstrate that they:

  • Know the subject matter to a level appropriate for the emphasis of their degree.
  • Have developed the managerial and interpersonal skills necessary to succeed in the current business environment.


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