BA 211 : Principles of Accounting I

Introduces financial accounting theory, including the accounting cycle, analysis and recording of transactions, and reporting financial information in accordance with Generally Accepted Accounting Principles (GAAP).

This is the first term of the traditional accounting principles sequence. The course emphasizes the theoretical foundations of accounting and analytical skills needed by business and accounting students. Those with financial record-keeping responsibilities in their current employment will find it essential.

An understanding of accounting is necessary to examine the performance and financial health of business. For this reason, accounting is often referred to as the ‘language of business’. This course is the ideal way for students to acquire a valuable skill as well as begin to develop an appreciation of the role of accounting in the evaluation and management of a business. Accordingly, it is recommended as a course both for students interested in business generally, and for those planning a career in accounting.


Equivalent placement test scores also accepted.

Recommended Prerequisites:

Course Outcomes

Upon completion of the course students will be able to:

  • Use debit and credit accounting to record and adjust basic business transactions.
  • Prepare multi-step income statements, classified balance sheets, and statements of retained earnings.
  • Use basic financial statement ratio analysis to evaluate financial performance.
  • Demonstrate knowledge of each step in the accounting cycle.
  • Know and apply organizational internal control components.  
  • Use Generally Accepted Accounting Principles (GAAP) to record common business transactions involving merchandise inventory, cash, and accounts receivable transactions.  

Course Adoption Date

Course Revision Date





Grading Options

Letter Grades


Audit Available