Three hours per week. Prerequisite: Placement in MATH course numbered above 112. A "C" or better must beearned in ACCT 201 and in ACCT 202 as a prerequisite for all upper-level accounting courses except ACCT 310. An introduction to the use of accounting information and to the language of business as found in reports and financial statements as a basis for measuring performances and making business decisions. Topics covered include accounting for receivables, inventories, depreciation, current liabilities and partnerships.

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.