A grade of C or higher must be presented on the graduation application for each upper-level course in the major. Course prerequisites are strictly enforced. Degree status is defined as formal admission to the university as a degree-seeking student. Survey of financial accounting. The accounting model, transaction analysis, and the accounting cycle are introduced.
Special attention is directed to statement preparation.
Survey of managerial accounting. Special attention is directed to the use of accounting information in managerial decision making. This course may not be taken for credit by business majors. Topics include accumulation allocation, analysis, and reporting of internal financial data. Discussion of the use of cost information in inventory valuation, income determination, planning, controlling, and decision making.