|Department||Health and Biomedical Sciences|
Principles of Accounting I
ACCT 220 is the first course of the two-sequence introductory accounting courses. This course introduces students to the basic principles of financial accounting prepared in accordance with generally accepted accounting principles (GAAP). Topics include forms of business organizations, theory debits and credits, transaction analysis and financial statement preparation including multistep income statement and classified balance sheet, inventory reporting and analysis, fraud and internal control, reporting and analyzing receivables, reporting and analyzing long-lived assets, and reporting and analyzing liabilities.