ACC121 Financial Accounting (4-0-4)
This course introduces current procedures of financial accounting and Generally Accepted Accounting Principles (GAAP). The course emphasizes the analysis of business transactions and the study of the accounting cycle. Topical areas in the course include accrual-based accounting concepts, internal controls; financial statement preparation; and accounting elements of a corporate business entity. An Excel-based software is utilized to practice and complete many of the problems. Ethical accounting standards are embedded throughout the course materials.