Credits 5 / 5 Contact Hours Pre-requisite: Placement into RDNG-030 (ACSR-030) or completion of RDNG-016, ACLT-075 or ACLT-076; MATH-082 or Placement Test recommendation for MATH-120 or higher. Principles of Accounting I concentrates on financial accounting. Topics include accounting theory financial reporting basic accounting cycle and accounting for cash inventories receivables payables plant assets and stockholders equity.