Prerequisite: A score of 16 on the Reading portion of the Enhanced ACT or REA 1013 with a grade of "C" or better.Principles of Accounting is a study of generally accepted accounting principles as applied to the fundamentals of double-entry accounting for the sole proprietorship. Special emphasis will be given to the accounting equation, reporting of assets and liabilities, and the process followed in preparing the income statement, statement of owner's equity, and the balance sheet. The student will complete a practice set focusing on the complete accounting cycle. Three lecture hours per week; three hours credit.

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.