ACC 105 Financial Accounting
This course emphasizes the provision of relevant and reliable information used in making financial and business decisions. Areas of emphasis include the basic concepts and principles of financial accounting; the accounting cycle from the analysis of business transactions and their systematic recording through the preparation of the basic financial statements - balance sheet, income statement and statement of cash flows; the basic theory and practice for recognition, measurement and classification of assets, liabilities, equity,revenues and expenses; and the interpretation of accounting data, income and cash flow analysis. Alternative forms of business organization, internal control and interrelationships of accounting data and the ethical implications of accounting are also covered. Co-requisites: MAT 103 or Mathematics Placement Exam results, CS 110.
Prerequisite
MAT 103 or Mathematics Placement Exam results and CS 110 orýconcurrent enrollment in one or both courses.