This course addresses the concepts and procedures of financial accounting and reporting for sole proprietorship, partnership, and corporate forms of organization in both service and merchandising firms. It also provides a more in-depth review of accounting for account receivables, short-term investments, inventories, plant assets, liabilities, payroll, stock transactions, dividends, and retained earnings. AC.

Completing an accounting cycle for sole proprietorships, both service and retailer; analyzing balance sheet items-cash, receivables, inventory, long-term assets and current liabilities; accounting for partnership equity. Fall, spring, summer. Course fee $15.