200
Is an introduction to the accounting process of analyzing, recording, summarizing, and reporting of financial data to provide information useful in the decision-making process. Topics of study include the basic accounting equation, the accounting cycle, the design and preparation of books of accounts, and the development of a set of simple financial statements, accounting for receivables and payables, inventory, and tangible operating assets.
Continues the focus on the accounting for proprietorships while introducing both partnerships and the corporate form of organization. Topics include the formation of the corporate organization, accounting for shareholders capital, including common and preferred stocks, and dividend determination and distributions including cash and stock dividends. Further topics include the preparation and analysis of the statement of cash flow and the accounting issues relevant to partnerships.