A practical accounting course that introduces the concepts of double entry bookkeeping, special journals, general and subsidiary ledgers, work sheets, financial statements and year-end closing procedures. A practice set is included. Students who have completed one or two years of high school bookkeeping with above average grades should consult with the accounting instructor about placement in Principles of Accounting 201 rather than Accounting 150. This course is designed for someone who has no prior accounting experience. Accounting is the "language of business" and students will learn to understand the impact economic events have on a company.