BPA 201 - Financial Accounting

3 credit hours - Three hours weekly; one term.
Formerly BPA 211 - Principles of Accounting 1

Learn principles of financial accounting for the corporate entity. Study accrual-based accounting and the accounting cycle. Analyze and record financial transactions; prepare financial statements; and learn to account for receivables, inventories, fixed assets, liabilities and shareholders’ equity.

Prerequisite(s): Eligibility for ENG 101 /ENG 101A and eligibility for any general education math course or permission of department chair.

Note: Credit is not given for BPA 201 and also BPA 200 , BPA 201H , or BPA 211.

Location(s) Typically Offered: Arnold Main Campus (MC), Glen Burnie (GB), and Online (OL)

Term(s) Typically Offered: All terms

Course Outcomes:
Upon successful completion of this course, students will be able to:

Apply appropriate accounting terminology, principles, and framework for service and merchandising operations.
Solve accounting problems related to service and merchandising operations.
Prepare financial statements for service and merchandising operations.
Analyze financial information using ratio analysis.