Prerequisite: none This course addresses the role of accounting in society and business, with a special emphasis on fundamental concepts and the basic design of accounting systems. The course will provide an overview of the basic topics in financial and managerial accounting, with emphasis on the principles and procedures for understanding how accounting is used in business operations, as well as how accounting and accounting reports are used by managers, investors, and other business stakeholders in their decision-making processes. This course is recommended for non-business majors. ACC-1015 does not meet the transfer accounting principles requirement for business majors. Note that students majoring in accounting, business, and management development programs may not receive credit for this course, and thus should register for ACC-2010. Offered days and evenings in the fall and spring semesters.

Provides a framework in which nonbusiness majors can see how accounting relates to, and reports on, business activities. Introduces the basic financial accounting concepts, principles, and practices applied to the preparation and interpretation of the major financial statements. Takes a business process approach to the information requirements of external decision makers.