Credits: 4 Prerequisite: none An introduction to the generally accepted accounting principles used to analyze and record business transactions and communicate vital financial information to users. Specific topics include income measurement, financial statements, merchandise accounting, internal control, and accounting for assets, liabilities, and invested capital. Transfer Curriculum Goal(s): none

Description: A study of fundamental principles of financial accounting beginning with the accounting cycle, including the preparation of financial statements for a service and merchandising enterprises with emphasis on corporate form and organization. The primary focus is on analyzing transactions and the use of accounting concepts.