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ACT 500: Principles of Accounting


This is an exciting course that prepares you to manage current accounting concepts used to define the appropriate treatment of complex transactions. The going concern, consistency, materiality, principle of prudence, business Entity Accounting principles are rules and concepts that are generally accepted as standards for the field of accounting. The Corporate income statement, stockholder’s equity, and managerial control functions are also discussed. Upon completion you will evaluate the operating performance of a business and share information about profit levels

Textbook:Principles of Accounting, 11th Edition, by Belverd E. Needles; Marian Powers; Susan V. Crosson. ISBN-10: 1-4390-3774-4, ISBN-13: 978-1-4390-3774-4.Cengage Publishers.