This course covers the accounting process: the observation, measurements and reporting of economic activity in order to develop information useful for decision making; the use of the computer in the decision-making process. Basic principles underlying accounting procedures and techniques involved in recording and classifying business transactions, accounting cycles, journals, ledgers, working papers, financial statements, procedures involved in adjusting and closing accounting records, financial statements, procedures involved in adjusting and closing accounting records, accrued and prepaid items, notes and interest, bad debts and depreciation are covered.

An introduction to financial accounting concepts and their application in the accounting process for business organizations. Includes financial statement preparation and analysis and communication of financial information. No previous knowledge of accounting required. Lab fee $2.