This course introduces basic accounting principles for a sole proprietorship. Upon completion, students should be able to demonstrate an understanding of accounting principles and apply thoses skills to a business organization. This course introduces the basic principles and procedures of accounting.
Emphasis is placed on collecting, summarizing, anaylzing, 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. None This course is a continuation of ACC 120. Emphasis is placed 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. This course provides an overview of federal income taxes for individuals, partnerships, and corporations.