ACT 205 - Fundamentals of Accounting

  • 3 credits

Our central objective is an understanding of the roles of financial and managerial accounting practices in business. Students will be able to:
• Define basic accounting terms and concepts.
• Identify how the economic events of a business are reflected in financial statements.
• Prepare and interpret financial statements using analytical tools.
• Identify and present information used for organizational decision-making.
• Apply analytical and critical thinking skills necessary for managerial decision-making.
• Demonstrate knowledge of ethical issues in the context of financial and managerial accounting.

This course consists of 11 chapters to reinforce understanding of the concepts. Assignments throughout the class will help students understand topics and apply the principles of accounting.


For nonbusiness majors. Credit not allowed for both ACT 205 and ACT 210.

Important Information

Kimmel and Weygandt’s Survey of Accounting will be available through the CSU Bookstore’s Inclusive Access Program, which will provide access to the eTextbook as well as homework and other interactive practice through Canvas. Students will be automatically enrolled in this program upon registration, and a fee will be applied to each student account as long as the student is still enrolled in the course as of the add/drop date.

A printed version of the text is not required, although recommended. The ISBN for the loose-leaf companion is 978-1-119-44424-4. This copy can be obtained by additional purchase through the CSU Bookstore or other retailers.

Textbooks and Materials

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.


  • Survey of Accounting, 1st Ed.
    Paul D. Kimmel, Jerry J. Weygandt


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