Catalogue 2020 - 2021

AC 204 Tools and Concepts in Accounting

Credits

3 cr.

Prerequisite

AC 101/HONB 203/AC 201, and MATH 111 or MATH 123 or MATH 133

Course Description

The primary objective of this course is to provide a foundational understanding of accounting concepts and tools. This course takes students from double-entry accounting through an elementary understanding of how to construct financial statements. Key outcomes include an ability to apply the conceptual framework to journalizing transactions, adjusting and closing entries, the accounting information process (cycles), and creating the balance sheet, income statement, and the statement of cash flows.

Distribution

BUSR/MR

Offered

in fall and spring semesters.

Fee