American Heritage University of Southern California

BB-312 Principles of Accounting

Accounting is the language of business. It provides information to managers, owners, investors, government agencies, and others inside and outside the organization. It is a system that measures the activities of a business in financial terms.

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  • Course ID: BB 312
  • Start Date: 08/01/2017
  • Duration: 8 weeks
  • Method of Instruction: Online

Units: 3

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Accounting is the language of business. It provides information to managers, owners, investors, government agencies, and others inside and outside the organization. It is a system that measures the activities of a business in financial terms.

David Carrasco Adjunct Faculty

B.A. Cal State University, Long Beach
M.B.A. Keller Graduate School of Management, Pomona, California 

  • Define accounting, and explain the concepts underlying accounting measurement.
  • Define financial position, and state the accounting equation.
  • Identify the four basic financial statements and their interrelationships.
  • Identify the users of accounting information, and identify business goals, activities, and performance measures.
  • Explain how the concepts of recognition, valuation, and classification apply to business transactions.
  • Explain the double-entry system and the usefulness of T accounts in analyzing business transactions
  • Demonstrate how the double-entry system is applied to common business transactions.
  • Prepare a trial balance, and describe its value and limitations.