Introduction to concepts and principles of accounting, to include: recognition, analysis, measurement and recording of monetary information in business transactions. Emphasis of the course will be on understanding financial reporting for external users.

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. Prerequisite: Pass TSI Arithmetic with score of 55 or MATH 0302, and TSI Reading with a score of 78 or RDNG 0363 with grade of C or achieving an 11th grade level on the Nelson Denny test.