An introduction to the accounting functions used by businesses to accumulate, use, and analyze financial data.
Emphasis is placed on the preparation, use, and interpretation of financial statements.
There are no prerequisites for this course. Deals with the significance and use of basic accounting concepts as they relate to the principal items contained in financial statements. Includes an introductory survey of the various cost components encountered in accounting for the manufacturing enterprise. Blends the theory and current practice of financial accounting for the business enterprise. Emphasis is placed on current accounting theory, valuation of assets and liabilities, and the impact of private, professional, and governmental agencies on financial accounting.