ACC 101 Financial Accounting I

Introduces the basics of accounting: accounting equation, transaction analysis and recording journal entries, accounting cycle, financial statements, matching concept, adjusting entries, closing entries, worksheets and statement of cash flows. Examines accounting concepts and procedures: cash, bank reconciliations, receivables, allowance method, estimation and costing methods for inventories, internal controls, plant assets and methods of depreciation, sole proprietorship, partnership and corporate forms of business organization including differences in presentation of equity sections for each; distributions and dividends.


3 credits


MAT 97 or higher or appropriate placement score, or PC 101 and PC 102 from BYU-Pathway. BAP 115 (C grade or higher) (may be taken concurrently).

Course Content Charge

$49.00 (McGraw Hill)


Fall, Winter, Spring