This is an introductory course designed to familiarize the student with the fundamental theory and principles of accounting. It introduces the student to the accounting cycle, the use and construction of the worksheet and financial statements, and the valuation of assets.
Emphasis is placed on the decisional aspects of accounting.
Text problems will be worked on in class and as homework assignments. Assigned homework will be collected. Class participation includes discussion of homework assignments, as well as general chapter discussions. Attendance for exams is mandatory unless arrangements have been made with the instructor prior to the exam.