Course Department: 
Accounting
Course Frequency: 
Fall, spring
Course Description: 

Introduces the fundamentals of the accounting process. Presents an overview of the accounting cycle, leading to preparation of basic financial statements including the income statement and balance sheet. Examines the proper accounting treatment of the major assets of merchandising and service companies including cash, accounts receivable, inventory, property, plant and equipment. Also includes an examination of economic activity related to liabilities and stockholders’ equity. Introduces the cash flow statement and analysis of basic financial statements. One unit.

Course Number: 

181

Course Section Header: 
Accounting Courses