ACCT-201 Fundamentals of Accounting I

4 cr.

This course gives the student a solid foundation in generally accepted accounting principles beginning with basic double-entry concepts, classification of accounts, preparation of financial statements, special-purpose journals, and the measurement and reporting of assets and current liabilities. Emphasis is on the sole proprietorship, including both service and merchandising entities. [NM Common Course Number: ACCT 2113, Business Transfer Module] Prerequisites: MATH-096 and ( RDNG-099 or RDNG-113) or appropriate Math and Reading Accuplacer scores. Offered: All