ACCT090 - Principles of Accounting
Course Description
This course is designed to prepare you for graduate work in accounting. You will learn accounting concepts and conventions without the use of debits and credits, with a focus on the importance of financial statements and managerial decision-making.
The course demonstrates how to record, summarize, and analyze an economic entity's financial transactions and explores effective ways to communicate financial information to both internal users, such as management, and external users, such as investors and creditors.
Course Outline
In this course, you will:
- Understand accounting concepts and conventions
- Emphasize the importance of financial statements
- Record, summarize, and analyze financial transactions
- Communicate financial information effectively to internal users (management)
- Communicate financial information effectively to external users (investors and creditors)
- Explore managerial decision-making processes
Through practical exercises and real-world examples, you will gain a solid foundation in accounting principles and practices, preparing you for advanced studies and professional work in accounting.
Learner Outcomes
By the end of this course, you will be able to:
- Understand and apply key accounting concepts and conventions
- Appreciate the importance of financial statements in decision-making
- Record, summarize, and analyze financial transactions accurately
- Communicate financial information effectively to internal users, such as management
- Communicate financial information effectively to external users, such as investors and creditors
- Prepare for graduate-level accounting studies
Notes
For students that are re-taking this course you may be eligible for a discount. Please contact us for more information.
If you are taking this course as a condition of admission to an undergraduate or graduate program at RRU, please note that the minimum passing grade is C- (60%) for undergraduate programs and B- (70%) for graduate programs.
Required Textbook:
Survey of Accounting, 2nd Edition. Paul D. Kimmel, Jerry J. Weygandt. ISBN: 978-1-119-59134-4
The textbook is required for this course and must be purchased or arranged by the student before the course starts.
Please note: The cost of the course does not include the textbook. The textbook is a separate expense.
You may use any of the following formats:
- A physical copy of Survey of Accounting, 2nd Ed.
- An electronic copy of the textbook
- A rental copy (if preferred)
Optional WileyPLUS Access
Access to WileyPLUS is optional and is not required to complete the course, though some students may find it a helpful study resource.
- If you purchased WileyPLUS for ACCT080 or ACCT085, you may continue using the same WileyPLUS access for ACCT090.
You will receive additional information closer to your course start date.