Equivalency Details

This course examines how business transactions are recorded, summarized, and interpreted for business decision-making purposes. Students will apply the accounting cycle, from event and transaction recognition to financial statement preparation, review, and appreciation. This course will provide a broad knowledge of accounting basics and is designed for non-business majors. Only one of the following: ACCT 100 or ACCT 101 may be applied to a degree. ACCT 100 cannot be used as a substitute for ACCT 101. Also available through Online Learning.

Provides a framework in which nonbusiness majors can see how accounting relates to, and reports on, business activities. Introduces the basic financial accounting concepts, principles, and practices applied to the preparation and interpretation of the major financial statements. Takes a business process approach to the information requirements of external decision makers.