Course Code: ACG 2021

Credit Hours: 3

Effective beginning: 2020-21

Course Description:
An introductory course in the principles and practices of financial accounting, emphasizing the measurement and reporting of income. The basic accounting model, measuring and reporting assets, liabilities and stockholders’ equity, special reports and analyses of accounting information also are covered. Credit will not be granted for both ACG 2021 and ACG 3024.

Instructors:

Sherry Klanjac, CPA

Required textbooks/ course materials:

Warren/Reeve/Duchac

Financial and Managerial Accounting 15^th edition

Loose-leaf version of the book bundled with 2 term CNOWv2 Printed Access Card ISBN: 9781337902663

Assignment/course outline:

The following topics will be covered in this course at the discretion of the instructor: 

•   Financial Accounting & Business Decisions 
•   Processing Accounting Information 
•   Accrual Basis of Accounting 
•   Understanding Financial Statements 
•   Accounting for Merchandising Operations 
•   Accounting for Inventory 
•   Internal Control & Cash 
•   Accounting for Receivables 
•   Accounting for Long-Lived & Intangible Assets 
•   Accounting for Liabilities 
•   Stockholders’ Equity 
•   Statement of Cash Flows 
•   Analysis & Interpretation of Financial Statements

See your Instructor First Day Handout for individual instructor assignment schedule.

Discipline-level learning outcomes:

Associates degree in Business Administration Learning Outcomes:  

B-1 Demonstrate knowledge of the principles, practices and supervisory responsibilities of management, and ethical and legal issues in a business environment. 

B-2 Apply general business workplace competencies, including employability skills and office computer skills. 

B-3 Understand business concepts, such as accounting, HR, marketing and organization. 

B-4 Communicate effectively in oral and written form, exhibit college level computation and problem-solving skills, and interact appropriately with people of other cultures or backgrounds.