BUS201: Introduction to Accounting

Course Description

Introduction to Accounting is the introductory accounting course that teaches the “language of business.” Understanding the terms and concepts related to financial accounting will help students better understand financial statements and provide insight into business performance and potential. During this class students will develop an understanding of assets, liabilities, revenues, and expenses. They will also learn how to classify and record business transactions, prepare financial statements, and analyze financial performance.

Course Outcomes

After completing this course, you will be able to:
  1. Identify key elements in financial statement reports under US GAAP.
  2. Distinguish between the accrual basis for accounting and the cash basis for accounting.
  3. Record basic economic transactions for assets, liabilities, and stock holder’s equity.
  4. Explain the accounting equation.
  5. Prepare basic financial statements – balance sheet, income statement, and statement of cash flow .
  6. Integrate a Christian worldview into the study of accounting.


Course Materials & Tuition
Edmonds, T. (2021). Introductory financial accounting for business (2nd ed.). McGraw-Hill Education. Connect Access must be purchased for this course. You will need a valid access code to complete many of the assignments. $156
Tuition Cost $800.00
Total Cost of Course: $859.48