AC121 Financial Accounting
Prerequisite: MA003 or higher math placement

This course is an introduction to accounting with an emphasis on preparing financial statements such as the balance sheet, income statement and the statement of retained earnings. The course will focus on the conceptual framework involved in processing accounting transactions; applying accrual and adjusting entries; processing end of period accounting entries; and an introduction to financial statement analysis. Other topics are included in the course: accounting for merchandise operations, inventories, long-term assets and contributed capital.

3 Credit Hours