Overview
Description
Purpose and nature of accounting, measuring business income, accounting principles, assets and equity accounting for external financial reporting.
Requirements
Prerequisites
- Sophomore standing
MATH 120MATH 120EMATH 124MATH 124EMATH 126MATH 126EMATH 127MATH 128MATH 181STAT 152
Original catalog text
Prerequisites
Sophomore standing; MATH 120 or MATH 120E or MATH 124 or MATH 124E or MATH 126 or MATH 126E or MATH 127 or MATH 128 or MATH 181 or STAT 152.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall, Spring, and Summer
Terms
fall, spring, summer
Restrictions
Sophomore standing
Attributes
Standard
Learning Outcomes
- accurately apply financial terminology used in business transactions and the classification of accounts for the purpose of learning to read and comprehend financial statements.
- analyze and record business transactions in a financial accounting system.
- successfully model the accounting cycle.
- prepare Financial Statements in accordance with Generally Accepted Accounting Principles (GAAP).