ACCT 1010 - Principles of Accounting I

3 sem hrs cr

This course is an introduction to accounting principles, practices, and techniques with an emphasis on the preparation and reporting of financial statements. Prerequisite: Exemption from or completion of learning support competency courses and sophomore standing (completion of at least 24 credit hours).

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline.

This course may include proctored exams which must be completed on campus or at an instructor-approved proctoring center which may require additional costs to the student. Please consult your instructor for additional details.

  Formerly/Same As (Formerly ACT 2310)

Transfer (UT) or Non-Transfer Course (UN): UT

• Demonstrate knowledge of generally accepted accounting principles (1, 2, 4, 5)
• Complete the steps in the accounting cycle and prepare the financial statements (1, 4, 5)
• Determine the application, interpretation, and financial statement effect of specific accounting methods and procedures (1, 4, 5)