Version: 3/20/2019 1
Administrative Master Syllabus
Course Information
Principles of Financial Accounting
Course Prefix, Num. and Title
ACCT 2301 Principles of Financial Accounting
Business Office Technology
Academic General Education Course (from ACGM, but not WCJC Core)
Course Catalog 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).
TSI satisfied in reading and math. Sophomore standing recommended
Semester Credit Hours
Total Semester Credit Hours (SCH): Lecture Hours:
Lab/Other Hours
Lab/Other Hours Breakdown: Lab Hours
Lab/Other Hours Breakdown: Clinical Hours
Lab/Other Hours Breakdown: Practicum Hours
Approval Signatures
Signature Date
Prepared by:
Department Head:
Division Chair:
Dean/VPI:
Approved by CIR:
Digitally signed by Celine Siewert
DN: cn=Celine Siewert, o, ou, email=siewertc@wcjc.edu, c=US
Date: 2019.10.28 08:57:10 -05'00'
Digitally signed by Celine Siewert
DN: cn=Celine Siewert, o, ou, email=siewertc@wcjc.edu, c=US
Date: 2019.10.28 08:57:23 -05'00'
Digitally signed by David Kucera
DN: cn=David Kucera, o=Wharton County Junior College, ou=Division
of Technology and Business, email=davidk@wcjc.edu, c=US
Date: 2019.10.28 12:06:52 -05'00'
Digitally signed by Paul J. Quinn
Date: 2019.12.09 10:00:40 -06'00'
Digitally signed by Paul J. Quinn
Date: 2019.12.09 10:01:04 -06'00'
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