This course does not fulfill requirements for economics major or minor. 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, a project and a cumulative final.
Tests consist of multiple-choice, problems and essays.
Partial credit will be given. Although not a direct part of your grade, class attendance and participation will be taken into consideration. If you miss any test due to a medical or other emergency, I must be notified at least 4 hours prior to the exam start time. A written excuse will be required. Absence without an excuse will result in the loss of 10 points per day until you make up that exam.