Library Science and Media Ed. These entries denote special academic programs or course groupings, rather than departmental names. Recommended for sophomores, but should be taken by freshman Accounting majors. An introduction to the principles and practices of accountancy applied to business organizations.
Emphasis is on the uses of accounting information in decision making by internal and external users.
Acct 202 is a continuation of Acct 201. Additional principles and practices of accountancy are introduced. Emphasis will continue to be placed on the uses of accounting information in decision making by internal and external users. Should be taken in sophomore year by Accounting majors. Development and implementation of the conceptual and practical aspects of valuation and income determination, time value of money, accounting changes, inventory valuation, and current and non-current assets.