48 lecture hours.............................................................3 credit hours Fundamentals of financial accounting concepts and interpretation of accounting data; analysis of financial statements; income and cash flow analysis; nature of assets, liabilities and equities; understanding and use of the accounting process. Course will include computer applications. Recommended prerequisite: MATH1314 and COSC1400 or equivalent.

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.