Jul 16, 2024  
2023-2024 Cal State East Bay Catalog 
2023-2024 Cal State East Bay Catalog [ARCHIVED CATALOG]

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ACCT 210 - Introduction to Financial Accounting

Units: 3
Introduction to basic financial accounting concepts and procedures. Learn how to identify, record, and interpret the effects of economic events on financial statements for financing, investing, and operating decision-making.

Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:
  1. Identify the forms of business organizations and explain the three principal types of business activities;
  2. Name the four primary financial statements and illustrate their main components;
  3. List major assumptions and principles in financial reporting;
  4. Explain the accounting information system and demonstrate how it is used to record and report common business transactions;
  5. Prepare a classified balance sheet, calculate and compare liquidity and solvency ratios using financial reports of public companies;
  6. Prepare an income statement, calculate and compare profitability and efficiency ratios using financial reports of public companies;
  7. Illustrate how to record and report cash, receivables, long-lived assets, liabilities, and stockholders’ equity items and identify related potential unethical accounting practices;
  8. Describe basic differences between the U.S. generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).

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