The American University BBA 2201 Principles of Accounting

Provides an introduction to business accounting. Topics include accounting concepts and principles, financial statements, internal control design, and accounting for partnerships. Students demonstrate knowledge and comprehension of the foundational theories and methodological tools utilized in accounting. Theoretical constructs are applied to solve real-world accounting applications.

Learning outcomes

• Examine the accounting cycle.
• Identify business transactions.
• Generate inventory systems and costing methods.
• Appraise the classes and transactions of liabilities.
• Formulate financial statements according to Generally Accepted Accounting Principles (GAAP).
• Analyze financial statements to inform decision makers.
• Evaluate internal accounting controls.
• Compare International Financial Reporting Standards (IFRS) to Generally Accepted Accounting Principles (GAAP).

Prerequisites

None