COURSE RATIONALE: Students studying business and management related fields must understand accounting, the language of business. This course is a core component of the programs offered by the Business Administration area. ACCT 211 begins the introduction into financial accounting. CATALOG DESCRIPTION: ACCT 211: Principles of Accounting I. This course is designed to begin the study of Generally Accepted Accounting Principles (GAAP) and practices used in business. The focus of this course is on Financial Accounting. Students will study the useful application of recording, adjusting, summarizing and reporting financial data significant to the management and control of a business enterprise. Topics studied include accounting for sole proprietorships with the emphasis on service oriented and merchandising firms.