Principles of Accounting I

Course Number: BA 211
Transcript Title: Principles of Accounting I
Created: September 1, 2012
Updated: August 26, 2019
Total Credits: 3
Lecture Hours: 30
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), P-NP, audit
Repeats available for credit: 0


WR 115, RD 115 and MTH 20 or equivalent placement test scores


Course Description

Introduces financial accounting theory, including the accounting cycle, analysis and recording of transactions, and reporting financial information in accordance with generally accepted accounting principles. Recommended: MTH 60 and BA 111. Prerequisites: WR 115, RD 115, and MTH 20 or equivalent placement test scores. Audit available.

Intended Outcomes

Upon successful completion of BA 211, the student will be able to:

  1. Comprehend the fundamentals of accounting theory.
  2. Support basic-level recording and reporting of financial information for business.
  3. Apply accounting principles and knowledge of each step in the accounting cycle.

Outcome Assessment Strategies

Assessment methods can include: examinations, quizzes, homework assignments, research papers, case study analysis, and small group problem-solving of questions arising from application of course concepts and concerns to actual experience, oral presentations, and class participation.

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

Course Content (Themes, Concepts, Issues and Skills)

  • Analyze business transactions using accrual basis accounting according to Generally Accepted Accounting Principles.
  • Manually prepare journal entries and post to ledger accounts using double-entry accounting procedures.
  • Perform the steps in the accounting cycle to include the preparation of: adjustments, financial statements, closing entries and trial balances.
  • Prepare a bank reconciliation and related journal entries.
  • Identify the principles of internal control.
  • Use accounting assumptions, principles and constraints to explain accounting practices.
  • Record transactions using both the perpetual and periodic inventory systems.
  • Calculate inventory using accepted inventory cost flow assumptions.

Department Notes

This is the first term of the traditional accounting principles sequence. The course emphasizes the theoretical foundations of accounting and analytical skills needed by business and accounting students.