Title
ACCT2211 - Financial Accounting I
Description
Description
This course introduces students to the content and concepts underlying financial statements. Course content includes study of the accounting model, financial statements, merchandise accounting, internal controls and accounting for assets. The course focuses on using accounting information for decision making.
API ID
Credits
3 (3/0/0)
Competencies
- Explain generally accepted accounting principles.
- State the accounting equation and explain its elements.
- Understand the composition of financial statements and their relationship to each other.
- Compare and contrast financial statements of merchandising businesses and service businesses.
- Demonstrate knowledge of inventory costing methods and their affect on financial statements.
- Explain the principles of internal control and their application.
- Classify assets and liabilities for balance sheet presentation.
- Summarize the accounting cycle.
- Differentiate between perpetual and periodic inventory systems.
Degrees that use this course
Degrees that use this course
Degree:
Associate of Applied Science (AAS)
This program provides the knowledge and skills necessary to examine, analyze, interpret and correct accounting data for the purposes of...
Location:
Moorhead Campus
Online
Credits:
60
Degree:
Diploma
This program provides the knowledge and skills necessary to perform routine calculating, journalizing, posting and verifying duties to...
Location:
Moorhead Campus
Online
Credits:
32
Degree:
Associate of Science (AS)
The Accounting Transfer Pathway offers students a powerful option: the opportunity to complete an Associate of Science degree with course...
Location:
Fergus Falls Campus
Moorhead Campus
Online
Credits:
60
Degree:
Associate of Applied Science (AAS)
This program includes courses in all major areas of agribusiness, including management, marketing, agronomy, animal science, precision...
Location:
Moorhead Campus
Online
Credits:
60
Degree:
Associate of Applied Science (AAS)
Success in a business career in the 21st century requires preparation in core business subjects. In this program, students learn management...
Location:
Fergus Falls Campus
Moorhead Campus
Online
Credits:
60
Degree:
Diploma
Be prepared for a varied, exciting range of career options with a general Business diploma credential. Students are provided with a...
Location:
Fergus Falls Campus
Moorhead Campus
Online
Credits:
33
Degree:
Associate of Science (AS)
The Business Transfer Pathway AS offers students a powerful option: the opportunity to complete an Associate of Science degree with course...
Location:
Fergus Falls Campus
Moorhead Campus
Online
Credits:
60
Degree:
Associate of Applied Science (AAS)
This program develops proficiency in the dynamic and rapidly growing field of digital marketing. Knowledge and skills in this field are in...
Location:
Online
Credits:
60
Degree:
Certificate
This certificate provides students with the ability to continuously learn and adapt the business knowledge, skills and attitudes needed to...
Location:
Moorhead Campus
Online
Credits:
18
Degree:
Associate of Science (AS)
Human resources programs prepare students to provide support to companies and individual employees in the area of human resources. Associate...
Location:
Online
Credits:
60
Degree:
Associate of Applied Science (AAS)
Human resources programs prepare students to provide support to companies and individual employees in the area of human resources. Associate...
Location:
Online
Credits:
60
Degree:
Diploma
This program provides the knowledge and skills necessary to perform routine calculating, journalizing, posting and verifying duties to...
Location:
Moorhead Campus
Online
Credits:
32
Degree:
Associate of Science (AS)
The Sport Management program is designed to provide theoretical and practical preparation for sport management leaders in the business of...
Location:
Fergus Falls Campus
Credits:
60
