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ACCT 210 5C O - Principles of Accounting I

Principles of Accounting I (ACCT 210)

Term: 2020-2021 School Year Spring Term

Faculty

Steve Horan

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EDUCATION: • MBA from University of Sioux Falls, Sioux Falls, SD • BS with majors in Accounting and Finance, with a minor in Economics from Northern State University, Aberdeen, SD

PROFESSIONAL CERTIFICATES: • Certified Public Accountant • A number of certificates relating to the insurance industry - CGMA, FLMI, ACS, AIRC, ARA, and AIAA.

EXPERIENCES: A career with an emphasis on financial reporting for a number of large insurance companies: • Mutual of Omaha - Senior Accountant • CNA Surety – Senior Accountant • Midland National Life – Senior Accountant • Lloyd Companies – Chief Financial Officer * Independent Contractor for Cain Ellsworth and Company CPA's • Former full time professor of business and accounting at CTU's on-ground campus in Sioux Falls, SD * Currently full time faculty at the University of Sioux Falls in Sioux Falls, SD

OFFICE TIME: Monday 5:00 pm to 5:30 pm.

Description

This course is an introduction to the basic concepts of accounting. It teaches basic principles of accounting application to service and merchandising businesses in a sole proprietorship environment. This course emphasizes the qualities of a properly designed accounting system including the principles of internal control, subsidiary ledgers, preparation of financial statements, and review of basic payroll concepts. This course also highlights the use of the Excel program throughout the course.