ACC 101◊ Financial Accounting

4 credits

Last Update Effective: 8/21/16

Foundations for further study of accounting, including principles and concepts of financial accounting; accounting cycle; internal controls; accounts, notes, and other receivables; accounting for merchandising businesses; inventory valuation; perpetual inventory system; accounting for fixed and intangible assets; various depreciation methods; accounting for payroll, contingent, and other current liabilities; organization and corporate accounting for stock and dividend transactions; bonds, long term notes and other long term liabilities; automated accounting software project; and introduction to cash flow statement.

Lecture: 4 hours — IAI: BUS 903