Principles Of Accounting –

acc280

(3 credits)

This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on the enterprise. Financial information is examined from the perspective of effective management decision making with special emphasis on the planning and controlling responsibilities of practicing managers.

This undergraduate-level course is 5 weeks. To enroll, speak with an Enrollment Advisor.

Topics and Objectives

Basic Accounting Principles and Concepts
- Define the purpose of accounting.
- Identify the basic assumptions, principles, and constraints of accounting.
- Explain the four basic financial statements and how they are interrelated with each other.
- Analyze transactions using the rules of debit and credit.
- Post journal entries to the general ledger.
Starting the Accounting Cycle
- Identify and calculate adjusting entries.
- Prepare an adjusted trial balance.
Completing the Accounting Cycle
- Prepare a financial statement worksheet.
- Prepare classified income statements and balance sheets, and the statement of retained earnings.
- Prepare closing entries, reversing entries, and a post-closing trial balance.
Financial Statement Analysis
- Perform ratio, vertical, and horizontal analysis on financial statements.
Internal Controls, Regulatory Bodies, and Ethics
- Summarize strengths and weaknesses of an internal control system.
- Identify the various accounting regulatory bodies.
- Examine the impact of unethical behavior on accounting practices.

The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

Principles Of Accounting –

acc280

Basic Accounting Principles and Concepts

Starting the Accounting Cycle

Completing the Accounting Cycle

Financial Statement Analysis

Internal Controls, Regulatory Bodies, and Ethics

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