The first of a two-course sequence in basic accounting, this course emphasizes the preparation, understanding and analysis of the standard financial statements for the purpose of making informed business decisions. Topics covered also include the processing of transactions through the accounting cycle, generally accepted accounting principles, and the role of accounting in business. Sophomore standing required. Prerequisites: CO1 course AND (MA 1 course OR Computed Math Placement Score MA 121 or higher) Credits: 4 Clock Hours - (Lect-Lab): (4-0)

Introduction to accounting information, the basic accounting cycle, and consideration of selected financial statement topics. The course emphasizes the uses and limitations of accounting information in economic decision-making, as well as problem-solving, oral and written communication skills, and computer skills.