ACG 2001 - Principles of Accounting 1 ACG 2001 - Principles of Accounting 1 This course, followed by ACG2011, is recommended for non-accounting majors. Students will use technology to prepare and communicate financial information. Specifically, students will understand the accounting cycle including the measurement of business transactions and income; accounting system principles and internal controls; the preparation and analysis of financial statements; and the measurement and reporting of transactions concerning cash, accounts receivable, and inventories. The course focuses on service and merchandising businesses operating as corporations. A comprehensive outside assignment is required in this course. It is strongly recommended students complete CGS2100 or have equivalent skills. Parallel: College Transfer (A.A. and A.S)
Prerequisites: ENC1101, MAT1033, MAT1034, MGF1130, MGF1131, MGF1106