Introduction to the basic concept and techniques emphasizing the importance of accounting as a basis for decision-making by business people, investors and government officials and an analysis of business problems in which accounting issues are dominant elements. The basic structure of accounting systems and controls, working capital, accounting problems of the corporate entity, long term resources and depreciation, forms of business organization. Fall, Spring.

3 Credits, 3 Class Hours A study of accounting meant for persons who intend to own and/or operate their own business. The emphasis is on how to interpret accounting information and how to use it to make smart business decisions. Some general accounting procedures such as recording debits and credits and preparing financial statements will be covered, but the majority of the course will focus on understanding accounting information and how it is useful to both internal and external users. Some curriculums allow students to choose between ACCT 1010 and ACCT 1104, others require ACCT 1104. Please verify curriculum requirements before enrolling. Note: This course does not substitute for ACCT 1104.