Accounting concepts and their application in transaction analysis and financial statement preparation; analysis of financial statements; and asset and equity accounting in proprietorships, partnerships, and corporations. Introduction to cost behavior, budgeting, responsibility accounting, cost control, and product costing.

The analysis, interpretation, and recording of business transactions, balance sheets, income and expense statements, proprietorship accounts, partnerships, valuation accounts, accrued and deferred items, business practices, procedure, and periodical summary with emphasis on theoretical, financial, and managerial elements. Semester Hours: 3 Lecture Hours: 3 Lab Hours: 0