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ACC 101 Financial Accounting
Credit Hours: 4
Prerequisite: Grade of C or better in BUS 120 or MTH 125 or MTH 112 or concurrent enrollment in BUS 120 or MTH 125 or MTH 112
Recommended: ACC 100 or previous course in bookkeeping strongly recommended; BUS 100 or ECN 102 recommended

Foundation course required for further study of accounting. Principles and concepts of financial accounting are emphasized and procedures are de-emphasized. Topics include transaction analysis, development of financial reports, the accounting cycle, promissory notes, inventory costing, depreciation methods, corporation equity concepts, bonds payable, and present value. (1.1) IAI Major: BUS903 Proficiency Credit Available (2 EIT) Pass/No Credit Not Available

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