A survey of basic accounting theory and the application of accounting principles, this course includes the recording and summarization of business transactions in the form of financial statements under the rules of "generally accepted accounting principles"(GAAP). It is designed for students who have little or no prior knowledge of financial accounting, this course corresponds to "Principles of Accounting I"at other colleges.

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.