CRT HRS:04 LEC HRS:03 LAB HRS:03 This is a study of underlying principles of accounting that includes classifying and recording financial transactions and reporting the results of the transactions in formal financial statements. Financial accounting systems and reporting issues are also included in the study. Prerequisite: ACNT 1303 or MATH 0085 or equivalent.

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 (primary focus). The purpose of the course is to develop the student’s ability to understand, interpret, and process financial accounting. Completion of BCIS is strongly recommended.