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Home ACC2111 – Principles of Financial Accounting
The principles of financial accounting course presents an overview of basic accounting concepts. Students will be introduced to the accounting cycle from transaction processing through financial statement preparation. The course will review foundational accounting principles and concepts that account for current assets, current liabilities, long-term liabilities, and owners’ equity. Students will also complete a basic financial statement analysis.
UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:
Financial accounting principles are essential for businesses to accurately track and report their financial information. By following these principles, organizations can ensure that their financial statements are reliable and can be used to make informed decisions. Understanding accounting concepts such as debits and credits, journal entries, and financial statement preparation is crucial for successful financial management.
Additionally, financial accounting principles help establish internal controls to prevent fraud and errors in financial reporting. By having a solid foundation in these principles, businesses can improve transparency, accountability, and compliance with regulatory requirements. Overall, a strong understanding of financial accounting principles is vital for the long-term success and sustainability of any organization.
The syllabi for ACC2111 provide a detailed outline of the course objectives, topics covered, assignments, and grading criteria. Students can use the syllabi as a roadmap to guide their studies and ensure they meet the learning outcomes of the course. The syllabi may also include information on required textbooks, resources, and important dates such as exams and deadlines.
By reviewing the syllabi for ACC2111, students can better understand what to expect from the course and how to prepare for success. It serves as a valuable tool for both students and instructors to stay organized, stay on track, and achieve their academic goals in financial accounting. Following the syllabi can help students stay focused and engaged throughout the semester.
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