CIP 5203015104 An introduction to corporate financial statements, including their preparation using generally accepted accounting principles, their use in decision-making by persons outside the business organization, and their analysis and interpretation. (4 SCH, 3 lecture, 1 lab) Prerequisite: Sophomore standing or approval of the division chair. Required skill level: College level reading, writing and math.

(4-3-3) This course includes the study of basic principles of accounting as applied to service and merchandising businesses. Study includes journalizing, posting, the accounting cycle, accruals and deferrals, subsidiary ledgers, cash, inventories, plant assets, payroll, and the financial statements. Laboratory fee $20. F, Sp, Su (5203015104).