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ACC 201 – Introduction to Financial Accounting and Reporting: Syllabus and Course Overview

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Types of Accounting

The Financial Statements

Fundamental Accounting Equation

Journal Entries: Debits and Credits

Accounting Flow Intuition: BASE Formula

Accrual Accounting vs. Cash Basis Accounting

Revenue Recognition and Expense Recognition

Introduction to Adjusting Journal Entries and Prepaid Expenses

Adjusting Entries: Supplies

Adjusting Entries: Unearned Revenue

Adjusting Entries: Accrued Expenses

Adjusting Entries: Accrued Revenues

Adjusting Entries: Depreciation

Summary of Adjusting Entries

Unadjusted vs Adjusted Trial Balance

Closing Entries

Post-Closing Trial Balance

Introduction to Ratios