ACC 151, 152 is a two semester introduction to accounting. Accounting application is critical to this course as the preparation of trial balances, adjusting and other journal entries, and financial statements are the focus. Financial and managerial decision making techniques are discussed and applied in detail during the second semester. Every semester. Prerequisite for ACC 152: ACC 151.

This course acquaints students with the process used to construct and understand the financial reports of organizations. An important objective is to understand the decisions that must be made in the financial reporting process and to develop the ability to evaluate and use accounting data. Included in the content are a study of accounting concepts and procedures used for financial statement analysis, cost analysis, cost allocation, planning and reporting accounting information. The significance of accounting information and the financial statements for management's decision-making process is emphasized.