This course introduces the basic principles and procedures of accounting.
Emphasis is on collecting, summarizing, analyzing, and reporting financial information.
Upon completion, students should be able to analyze data and prepare journal entries and reports as they relate to the accounting cycle. This course is a continuation of ACC 120. Emphasis is on corporate and managerial accounting for both external and internal reporting and decision making. Upon completion, students should be able to analyze and record corporate transactions, prepare financial statements and reports, and interpret them for management. To fulfill these objectives, the course covers special asset and liability topics, the statement of cash flows, and partnership accounting.