Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: 3 Lecture/Recitation/Discussion Hours: 3
Recommended Background:
Familiarity with spreadsheets, principles of economics, principles of statistics
Restrictions:
Approval of department.
Not open to students with credit in:
ACC 230 or ACC 201 or ACC 202
Description:
The role of accounting. Purpose and content of corporate financial statements with emphasis on interpretation and understanding the effects of transactions on these statements. Basic principles, conventions and concepts related to financial statements. Managerial accounting concepts; job order costing, cost-volume-profit analysis, budgeting, and variance analysis.