Principles of Accounting I Exam Materials
Course Introduction
Principles of Accounting I introduces students to the fundamental concepts and procedures of accounting, focusing on the preparation, analysis, and interpretation of financial statements. The course covers the accounting cycle, including journal entries, ledgers, trial balances, and adjusting entries, as well as the rules and principles underpinning Generally Accepted Accounting Principles (GAAP). Emphasis is placed on the role of accounting in business decision-making, ethical considerations, and the use of accounting information for external reporting purposes. Students will develop practical skills necessary for recording business transactions, preparing basic financial reports, and understanding the language of business.
Recommended Textbook Fundamentals of Financial Accounting 6th Edition by Fred Phillips
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