Principles of Accounting I

The theory of debits and credits and the accounting cycle is covered.  The course is a study of the preparation and interpretation of corporate financial statements with an emphasis on analysis and decision-making techniques through close examination of cash, receivables, inventory, fixed assets and depreciation, and current liabilities.

Course Syllabus [pdf] 

Download the course syllabus for full details about expectations, readings, assignments and more.

Learning Objectives:

Upon completion of this course the student will be able to: 

• Explain the accounting cycle, including the preparation and interpretation of financial statements for both service and merchandising businesses. 
• Record inventory and explain the inventory valuation systems.
• Explain and record various transactions involving cash (including a bank reconciliation), Receivables, Current Liabilities, Fixed Assets, and Payroll.