Equivalency Details

This course provides business majors with knowledge of the accounting discipline and develops analytical thinking skills. Emphasis will be placed on interpretation and use of accounting information for managerial decision-making, application of cost concepts to common business problems, and integration of current business events.

This course acquaints students with the process used to construct and understand the financial reports of organizations. An important objective is to understand the decisions that must be made in the financial reporting process and to develop the ability to evaluate and use accounting data. Included in the content are a study of accounting concepts and procedures used for financial statement analysis, cost analysis, cost allocation, planning and reporting accounting information. The significance of accounting information and the financial statements for management's decision-making process is emphasized.