Thomas College

Course Information

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Number:AC220
Name:Financial Accounting
Description:This course is a one semester comprehensive accounting course. Students will become familiar with the fundamental theory and principles of financial accounting. The course focuses on the accounting process and completion of the accounting cycle. Students will learn accounting for cash, receivables, property acquisitions and disposals, depreciation, current liabilities and long term liabilities. Attention is given to the preparation and analysis of financial statements.
Credit(s):3
Offered (DAY schedule):Every Fall
Instructor Permission Required:N
Pre-Requisite(s):

Course Objectives

1. Communicate, in writing, key accounting subjects with clarity and conciseness 2. Safeguard, value, and reporting of cash and property of an organization. 3. Record transactions as they relate to receivables and liabilities of an organization 4. Adjust the financial accounts in the preparation of financial statements 5. Prepare the basic financial statements: Balance Sheets, Income Statements, Statements of Owner’s Equity and Cash Flow 6. Analyze key financial statements 7. Demonstrate an understanding of financial statement analysis to users of current financial information

Books Previously Used in this Course

Term Year Title ISBN Author Edition Publisher
S 2015 FINANCIAL ACCT.F/UNDERGRADS-W/ACCESS FERRIS 2ND 14 CAMB BUS
F 2014 FINANCIAL ACCT.F/UNDERGRADS-W/ACCESS FERRIS 2ND 14
S 2014 FINANCIAL ACCT.F/UNDERGRADS-W/ACCESS FERRIS 2ND 14
F 2013 FINANCIAL ACCT.F/UNDERGRADS-W/ACCESS FERRIS 2ND 14