ACC 101◊ Financial Accounting

3 credits

Last Update Effective: 8/26/12

Foundation course required for further study of accounting. Principles and concepts of financial accounting, the accounting cycle, inventory valuation, the perpetual inventory system, valuing plant assets and depreciation and introduction to corporate accounting. Recommended for students with better than average academic ability or for students who have previously completed ACC 100◊ or a course in bookkeeping.

Lecture: 3 hours — IAI: BUS 903