ACC101

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Financial Accounting 1

Business LDSBC - Ensign College

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

Minimum or Fixed Credit

3

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

Course Materials Charge from SLC Campus Cashier (subject to change by semester)

$45.00 (Fundamental Financial Accounting Concepts)

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

Challenge Exam

Will this course require CPT authorization for international students?

No