Course Syllabus

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Syllabus: ACC 100 - Financial Accounting I

Fall 2021, # Credits

Rosemont College is a community of lifelong learners dedicated to academic excellence and fostering joy in the pursuit of knowledge. Rosemont College seeks to develop in all members of the community open and critical minds, the ability to make reasoned moral decisions, and a sense of responsibility to serve others in our global society. Rooted in Catholicism, Rosemont welcomes all faiths and is guided by the principles of Cornelia Connelly and the Society of the Holy Child Jesus to meet the needs of the time. Rosemont College values: Trust in the reverence for the dignity of each person; Diversity with a commitment to building an international community; Persistence and courage in promoting justice with compassion; Care for the Earth as our common home.

 

Please download the full syllabus at: Fall 2021 ACC 100 Syllabus.pdf 

Course Description:

This course will cover the first half of the Financial Accounting curriculum.  The second half will be covered in Financial Accounting II, ACC 101.  The two courses combine as the study of accounting as an information system, and examines why it is important and how it is used by investors, creditors, and others to make decisions. The courses cover the accounting information system, including recording and reporting of business transactions with a focus on the accounting cycle, the application of generally accepted accounting principles, the financial statements, and statement analysis. The issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics will all be covered.

Student Learning Outcomes:

The students will gain an understanding of accounting concepts and their applications in different aspects of business.

Course Content:

  1. Purposes and uses of accounting information
  2. The accounting cycle
  3. Cash and accrual accounting
  4. Internal controls
  5. Financial reporting rules and disclosure, including international standards, such as International Financial Reporting Standards (IFRS)
  6. Current assets
  7. Current liabilities
  8. Long-term assets
  9. Long-term liabilities
  10. Stockholders’ equity and reporting requirements
  11.  Measuring cash flow
  12.  Financial statements and statement analysis
  13.  Ethical issues

Textbook:

Great news: your textbook for this class is available for free online!

Principles of Accounting Volume 1 Financial Accounting from OpenStax, ISBN-10: 1-947172-67-0

You have several options to obtain this book:

You can use whichever formats you want. Web view is recommended -- the responsive design works seamlessly on any device.

 

Student Support & Policies

Please review the following policies and support services:

 

To download a PDF of this syllabus, right-click anywhere on the page, select 'Print' and then select 'Save As PDF' next to the printing destination. If you don't have that option, instead right-click anywhere on the page, select 'Select All'. With everything selected, right-click anywhere on the page a second time and select 'Print Selection', then select 'Save as PDF' next to the printing destination.

 

Course Summary:

Date Details Due