An introduction to the discipline of accounting: introduces accounting principles, terms and concepts governing the recording, reporting and analyzing of accounting data. The accounting cycle: journal entries, general ledger, trial balances and financial statements will be studied. The student will also develop a basic understanding of how to analyze financial statements to determine profitability and financial position

A study of accounting concepts and principles that govern the recording, processing, and reporting of accounting information. The significance of the financial statements and the analysis of accounting information for investors, creditors, and other external users in the decision making process is emphasized.