Emphasis is on basic accounting concepts, vocabulary, practical procedures, and accounting forms. May be taken for grades or on a credit-no credit basis. An introductory course covering the fundamentals of financial accounting of the corporate entity. Involves the analysis, recording, and summarizing of accounting transactions on the accrual basis.
Emphasis is on accounting as an information system meeting the demands of users for decision making.
The second semester accounting course emphasizes managerial accounting. The primary aim is to use accounting information as a decision making tool in order for management to achieve the organization's financial goals and objectives. Accounting 100 or 101. May be taken for grades or on a credit-no credit basis. Covers gross income, business and personal deductions, exemptions, tax credits, property transactions, and tax computation.