An introduction to accounting, i.e., basic record keeping and the preparation of financial statements, including closing entries and working papers. This course requires a final grade of C minus or better to count toward the major or minor in accounting. The student is also required to receive a grade of 60 percent or better on the final exam to progress to any upper-level course in accounting. Offered every fall.

This course provides a thorough study of basic accounting principles. The accounting cycle is introduced using an appropriate mix of conceptual and procedural problems. A real-world problem using computer applications is also covered. This is a basic course, which aids in building a foundation for financial analysis and decision-making. (Fall, Spring, Summer) [Graded (Standard Letter)] Registration Restriction(s): Intensive English Program majors may not enroll