General Information

• Name: Financial Accounting
• Discipline: Accounting (ACC)
• Units (Credits): 3
• Schedule History: See when this course was offered over the last three years.
• 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: Social Science, Education, Humanities & Public Service

Prerequisites and Recommended Courses

• Recommended: ACC 135

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 of the following: AAS-Accounting Emphasis, AAS- Applied 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 (Financial Accounting) addresses Student Learning Outcomes:

1.know the subject matter appropriate to the emphasis of the degree.

2.have developed managerial and personal skills essential to the current business environment.