2021-2022 Pierce College Catalog 
    Jul 25, 2024  
2021-2022 Pierce College Catalog [ARCHIVED CATALOG]

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ACCT& 201 Principles of Accounting I (5 credits)

Distribution Area Fulfilled General Transfer Elective
Formerly BUS 210 - CCN

Prerequisite MATH 096  or MATH 098  with a grade of at least 2.0.

Course Description
First accounting course required for students transferring to a four-year school to pursue a bachelor’s degree in business administration. Covers basic accounting concepts and procedures with a focus on financial statement preparation.

Student Outcomes
1.Explain the language of business and explore the role of accounting in business decision making.
2.Explain the historic and regulatory framework of accounting.
3.Differentiate between three main business entities: sole proprietorships, partnerships, and corporation entities and the accounting implications for each.
4.Prepare the Balance Sheet, Income Statement, and Statement of Owners’ Equity and explain how they are connected.
5.Differentiate between the cash and accrual bases of accounting.
6.Analyze and record business transactions including adjusting entries for merchandising and service entities.
7.Communicate the characteristics of an effective system of internal control for cash receipts and payments.

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