200
Financial accounting introduces the student 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 accounting cycle, financial statement preparation, cash, investments, receivables, inventory, long-term assets, current liabilities, payroll, long-term liabilities, owner equity accounts and financial statement performance measures.
Notes
Business Department Majors and Minors: a minimum grade of "C" is required in this course in order to take 300-400 level ACC, BUS, ECO, and ENT courses.
Is a study of techniques involved in the gathering, recording, and interpretation of accounting and statistical data used in the solution of internal management problems. The use of cost data and the interpretation of cost reports, measurement of managerial control, establishment of operating and financial standards, and construction, analysis, and interpretations of reports are analyzed.
Notes
Business Department Majors and Minors: a minimum grade of "C" is required in this course in order to take 300-400 level ACC, BUS, ECO, and ENT courses.