Course Catalog

BUA241E Accounting Principles I (3 credits) 9734

COURSE DESCRIPTION
An introduction to the language of business. Financial transactions are analyzed, recorded, summarized, and reported in a meaningful manner to management. Also studied are basic financial statements and the various accounting and internal control procedures for recording and protecting assets.

COURSE OBJECTIVES
The student who successfully completes Accounting Principles I should gain an increased appreciation for and understanding of the basic principles of accounting. Specifically, students will:
a. Understand and be able to communicate the “big picture” of financial accounting.
b. Analyze economic events from an organizational perspective.
c. Record accounting journal entries.
d. Understand the accounting process from economic event to communication to the end user(s).
e. Gain an understanding of the significance of the matching principle of accounting, and the revenue recognition principle of accounting.
f. Create a set of financial statements (excluding statement of cash flows).
g. Perform basic accounting functions for service, merchandising and manufacturing organizations.
h. Use financial ratios to analyze the current financial realities of organizations.
i. Properly account for cash, inventory, accounts receivable, and plant assets.
j. Examine the role of one’s Christian faith and its impact on the challenges, decisions and opportunities met in accounting.

REQUIRED TEXTS AND MATERIALS
Weygandt, Kieso, and Kimmel (2008), Accounting Principles 8th Edition. Wiley. ISBN #978-0-471-98019-3
To purchase textbooks, click here - AMAZON.com

LEARNING DOCUMENTATION
A variety of techniques will be used to enhance your learning for this course. These include exams, individual assignments and an individual project.

LEARNING EVALUATION
100 points - Exam #1 (chapters 1-5)
100 points - Exam #2 (chapters 6-9)
250 points - Comprehensive Final Exam (chapters 1-12)
300 points - Individual Assignments
100 points - Individual Project
50 points - Accounting Application Report
Total: 900 points