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ACCTG 201Introduction to Financial Accounting

3 credits · Accounting · Penn State

This course is an introduction to the basic concepts of financial accounting including the collection, recording, summarization, and interpretation of accounting data. Emphasis in the course is placed on using financial accounting information for external decision making. Accounting theory of commonly used accounts such as cash, investments, receivables, inventory, fixed assets, payables, bonds, and stocks are studied. Students who successfully complete ACCTG 211 may not schedule ACCTG 201

Before you enroll

Prerequisites

From the catalog: “MATH 21 or a higher math course or a satisfactory score on the mathematics placement examination”

Where it fits

Where it sits in degree plans

Suggested plans most often put it in Year 1 · Spring (14 programs).

One of the options in (17)

  • Business Administration, A.S. (Abington)
  • Business Administration, A.S. (Altoona)
  • Business Administration, A.S. (Berks)
  • Business Administration, A.S. (Capital)
  • Business Administration, A.S. (University College)
  • Business Analytics and Information Systems, B.S.
  • Business, B.S. (Abington)
  • Business, B.S. (Altoona)
  • Business, B.S. (Berks)
  • Business, B.S. (Intercollege)
  • Business, B.S. (University College)
  • Business, Minor
  • and 5 more
What it opens up

Courses that list ACCTG 201 as a prerequisite (3)

  • ACCTG 202 Introduction to Managerial Accounting
  • BA 321 Contemporary Skills for Business Professionals
  • BA 322 Negotiation Skills for Business Professionals