The course is designed for all students who are interested in understanding the Financial Accounting and Reporting process. No previous background in accounting or business is required. The course focuses on developing an understanding of the accounting cycle and its role in converting data related to business events into financial knowledge, which is then used to inform decision making by investors, creditors and other external parties.

Basic financial and managerial accounting principles as applied to manufacturing, service and retail enterprises. Includes the study of generally accepted accounting. Every semester. Prerequisites: 1) Sophomore standing and 2) MATH 1006 with a minimum grade of C or Math ACT 24 or above or department head approval.