Equivalency Details

This course is designed to provide a conceptual introduction to financial accounting topics for business and accounting majors. Emphasis in the course is placed on using financial accounting information for decision making.Accounting theory of all commonly used accounts such as cash, investments, receivables, inventory, fixed assets, payables, bonds, and stocks are studied, as are accounting systems and controls, financial statement preparation, and analysis. Students will be introduced to the accounting cycle through computerized software.

This course introduces the student to financial accounting and reporting concepts. Special emphasis is placed on measuring and reporting transactions and evaluating the operational performance of business entities.