Equivalency Details

An introduction to the discipline of accounting: introduces accounting principles, terms and concepts governing the recording, reporting and analyzing of accounting data. The accounting cycle: journal entries, general ledger, trial balances and financial statements will be studied. The student will also develop a basic understanding of how to analyze financial statements to determine profitability and financial position

Introduces the basic financial accounting concepts, principles, and practices applied to the preparation and interpretation of the major financial statements. Included is complete coverage of the accounting cycle which is designed to satisfy the information requirements of external decision makers. Topics covered are asset valuation, liability measurement, income determination and equity activities. Integrated throughout is a discussion of ethical issues and considerations.