Portland Community College | Portland, Oregon

Course Description

Presents financial accounting theory, including the accounting cycle, analysis and recording of transactions, and reporting financial information in accordance with Generally Accepted Accounting Principles (GAAP). Recommended: MTH 60. Audit available.

Intended Outcomes for the Course

Upon completion of the course, students will be able to:

• Demonstrate an understanding of the principles of accrual accounting.
• Describe how basic business economic events affect accounts and financial statements. 
• Interpret and analyze financial statements to aid in decision-making.
• Use the accounting cycle to develop financial statements from business transactions. 
• Demonstrate an understanding of the principles of internal control and apply them to relatively straightforward situations to identify strengths and weaknesses. 
• Describe the purpose of accounting and explain its role in business and society.
• Demonstrate an understanding of inventory, receivables, long-lived assets, liabilities, and stockholder's equity and recommend appropriate accounting treatment.

This course is delivered through Panther Access. Your course fees include the cost for McGraw-Hill 'Connect' Learning Management System access and etext. You do not need to purchase any materials outside the course. Instructions to access McGraw Hill 'Connect' resources via D2L will be given on the first day of class. For students who prefer an additional paper version of the textbook, a looseleaf version of the physical textbook can be purchased from the PCC bookstore for $26.70 (ISBN #9781265386047). Email any questions to scott.birk@pcc.edu.

A reliable and consistent Internet connection is required for McGraw-Hill Connect software and D2L Brightspace. Pop-up blockers need to be turned off to allow the D2L—Inclusive Access for the McGraw-Hill Connect site to load.

This class requires a computer or laptop to access the eText and complete work in McGraw-Hill Connect. Attempting to complete work in our classes using a mobile device (cell phone) will be insufficient to complete the work.