Sophomore standing Introduction to financial accounting concepts. Emphasis is placed on the accounting cycle.
Emphasis is placed on use of accounting information in decision-making.
The following Accounting and Tax courses are open to only College of Business majors. Non-Business majors must have prior written approval from the School of Accounting to enroll in these courses. ACG 3402 Review of the accounting model and statement preparation. Introduction to the conceptual framework including an in-depth study of inventory, fixed and intangible assets, and cost and receivables to material covered. Study of present and future value concepts, current liabilities to material covered, long-term liabilities and related issues, accounting changes, leases, principles of revenue recognition and accounting for investments.