ACCT 301 Financial Accounting
Hours: 72 hours LEC
Advisory: ACCT 101, BUS 105, MATH 120, or MATH 125
Transferable: CSU; UC
CID: C-ID ACCT 110
This is the study of accounting as an information system. Emphasis is given to understanding the nature and purpose of accounting and its function in business. The principles and concepts underlying transaction analysis and recording; financial statement preparation, disclosures, and analysis; and ethical issues are addressed. The course includes units on inventories, internal control, cash and cash flows, receivables, fixed and intangible assets, current and long-term liabilities, stockholders' equity, income tax, and investments.
Student Learning Outcomes
Upon completion of this course, the student will be able to:
SLO 1: APPLY ACCOUNTING CONCEPTS AND PRINCIPLES IN MAKING DECISIONS ABOUT BUSINESS OPERATIONS.