An introduction to the accounting cycle and double-entry bookkeeping. Students analyze business transactions, apply rules of debits and credits, and prepare income statements and balance sheets. A survey of concepts, theory, and practice of international business and the multi-national corporation.
Course provides for a better understanding of the global nature of the world economy.
Environmental constraints, regional issues, and functional business operations will be covered. A study of basic accounting principles and theory underlying financial statements. Preparation of financial statements. This course is a continuation of BUS 312. Topics include cash flow analysis, lime value of money, cost behavior, budgeting and elements of cost accounting.