2015 - 2016 Combined Catalogs of the Colleges

Course Descriptions for ACCT 2301


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These Course Descriptions display the changes made after the original publication on June 11, 2015.
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ACCT 2301 (3 Credit Hours)
Offered at BHC, CVC, EFC, ECC, MVC, NLC, RLC

Principles of Financial Accounting
This is a Texas Common Course Number.
Prerequisite Required: TSI met or exempt in math, or equivalent.College level ready in Mathematics. College level ready in Mathematics at the non-algebra or algebra levels.
Course Description: This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS). (3 Lec.)
Coordinating Board Academic Approval Number 5203015104

* Note: This Course Description includes updates that were added after it was originally published on June 11, 2015. (Original) | (Current)




Academic Courses
Designated by the Texas Higher Education Coordinating Board for transfer among community colleges and state public four year colleges and universities as freshman and sophomore general education courses.

WECM Courses
Designated by the Texas Higher Education Coordinating Board as workforce education (technical) courses offered for credit and CEUs (Continuing Education Units). While these courses are designed to transfer among state community colleges, they are not designed to automatically transfer to public four-year colleges and universities.


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