ACC101

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Financial Accounting 1

BusinessLDSBC - Ensign College

Course Lead

Brooke Linton

Course Description

Introduces the basics of accounting: accounting equation, transaction analysis and recording journal entries, accounting cycle, financial statements, matching concept, adjusting entries, closing entries, and statement of cash flows. Examines accounting concepts and procedures: cash, bank reconciliations, receivables, allowance method, estimation and costing methods for inventories, internal controls, plant assets and methods of depreciation, corporate form of business organization is emphasized.

Credit Type

Fixed

Credit Value

Minimum or Fixed Credit

Semester and Block Offered at SLC Campus

Winter, Block 1, Winter, Block 2, Spring, Block 1, Spring, Block 2, Fall, Block 1, Fall, Block 2

Maximum potential student account charge (subject to change by semester). See Course Materials for details.

$49.00 (Fundamental Financial Accounting Concepts)

Are there Credit for Prior Learning Options available for this class?

Challenge Exam