ACCT 101. Supplemental Instruction to ACCT 221

1 Credit (1)

Collaborative workshop for students in ACCT 221 – Financial Accounting. Course does not count toward departmental degree requirements. May be repeated up to 2 credits. Restricted to Las Cruces campus only.

Corequisite(s): ACCT 221.

ACCT 200. A Survey of Accounting

3 Credits (3)

Emphasis on financial statement interpretation and development of accounting information for management. For engineering, computer science, and other non business majors. Community Colleges only.

Prerequisite: one C S course or consent of instructor.

ACCT 2110. Principles of Accounting I

3 Credits (3)

An introduction to financial accounting concepts emphasizing the analysis of business transactions in accordance with generally accepted accounting principles (GAAP), the effect of these transactions on the financial statements, financial analysis, and the interrelationships of the financial statements.

Learning Outcomes
  1. Analyze business transactions, their effects on the financial statements and the interrelationships of the financial statements involving the following:Cash transactions; Receivables and Net Realizable Value; Operational Assets and Depreciation; Inventory; Current Liabilities; Long-term Liabilities
  2. Define, identify and demonstrate the impact of adjusting entries on financial statements.
  3. Explain and demonstrate the differences between cash and accrual basis accounting.
  4. Define and identify generally accepted accounting principles.

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ACCT 2120. Principles of Accounting II

3 Credits (3)

An introduction to the use of accounting information in the management decision making processes of planning, implementing, and controlling business activities. In addition, the course will discuss the accumulation and classification of costs as well as demonstrate the difference between costing systems.

Prerequisite(s): ACCT 2110.

Learning Outcomes
  1. Identify the differences between financial and managerial accounting.
  2. Illustrate the accumulation of costs in cost accounting systems.
  3. Describe the basic elements of the budgeting process, its objectives and budget preparation.
  4. Define and classify cost behavior.
  5. Perform cost-volume-profit analysis for decision-making.
  6. Perform differential (incremental) analysis for business decision making.
  7. Explain the cause of the variance and its effect on the income statement.
  8. Explain and demonstrate the difference between traditional costing and activity-based costing.

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