Semester Hours: 3Introductory course in the practical applications of financial accounting. Topics include an introduction to financial statements, analysis of the statements, accounting information systems, accounting concepts involved in accounting for cash, accounts receivable, inventory, long lived assets, liabilities and stockholders equity. Ethical issues in accounting are explored. Computer-based applications for accounting and use of the Internet are employed.
Prerequisites & Course Notes: IT 14 and sophomore class standing required–students with fewer than 24 credits on record may not register for this course; no exceptions permitted. Credit given for this course or ACCT 1 or 10 or 201. (Formerly ACCT 1; 10.)