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http://catalog.citruscollege.edu/definitions/

...subject title and course number; for example: ACCT 101 . Course of Study-- A group of...

Accounting

http://catalog.citruscollege.edu/disciplines/accounting/

...degree and lower division transfer. ACCT 101 Financial Accounting and ACCT 102 Managerial Accounting are...

ACCT 101 Financial Accounting 4 Units (AA/AS; CSU; UC) 72 lecture hours Equivalent to: ACCT 101H

Grade Mode: Pass/No Pass, Standard Letter

Strongly recommended: ACCT 100 or high school bookkeeping, or related job experience.

The objectives of this course are to learn the content and meaning of the basic financial statements and their impact on the decision-making process in the business environment. This course will provide a broad overview of the importance of accounting in the business process as well as introduce the student to the double entry system of accounting, how to record, process and report on the business transactions and events and to consider the operating cycles in business. Topical areas covered in this class will include cash, accounts, inventory, property, plant and equipment, intangible assets, current liabilities and stockholder equity. The importance of internal controls will be reviewed and the components of the income statement will also be discussed.


ACCT 101H Financial Accounting/Honors 4 Units (AA/AS; CSU; UC) 72 lecture hours Equivalent to: ACCT 101

Grade Mode: Standard Letter

Prerequisite(s): Student must be eligible for the Citrus College Honors Program or obtain a recommendation from an Honors instructor.

Strongly recommended: ACCT 100 or high school bookkeeping; or related job experience.

Examines the fundamental concepts of financial accounting such as: the basic financial statements; the double entry system of accounting; financial analysis and internal controls. Analyze financial data to evaluate performance and formulate appropriate course of action in the business environment. Students are expected to work and participate at an honors level which includes advanced critical thinking skills, more in depth analysis of financial statements and presentation skills as demonstrated by group presentations, class participation and case study analysis.