Course Summary: Principles of Accounting
Principles of Accounting introduces the fundamental concepts and procedures of financial accounting. The course covers the accounting cycle, including journal entries, ledgers, trial balances, and the preparation of financial statements. Students learn how to analyze and record business transactions, understand the role of internal controls, and interpret financial information for decision-making. Key topics include assets, liabilities, equity, revenues, and expenses, with emphasis on Generally Accepted Accounting Principles (GAAP). This foundational course prepares students for more advanced accounting studies and provides essential skills for business and financial literacy.
Principles of Accounting introduces the fundamental concepts and procedures of financial accounting. The course covers the accounting cycle, including journal entries, ledgers, trial balances, and the preparation of financial statements. Students learn how to analyze and record business transactions, understand the role of internal controls, and interpret financial information for decision-making. Key topics include assets, liabilities, equity, revenues, and expenses, with emphasis on Generally Accepted Accounting Principles (GAAP). This foundational course prepares students for more advanced accounting studies and provides essential skills for business and financial literacy.