I is an introductory course that assumes the student has no previous experience. Our main objective is to understand and be able to prepare general purpose financial statements for a proprietorship in the service and merchandising industries. This course will introduce only financial accounting concepts. There will be four in-class tests, random homework assignments, a project and a cumulative final.
Tests consist of multiple-choice, problems, and essays.
Partial credit will be given. Homework will be collected and graded on a random basis. Although not a direct part of your grade, class attendance and participation will be taken into consideration. There are numerous opportunities to obtain points toward your final grade. Extra credit assignments result in unequal treatment among class members.