(Acct 2301) Principles of Accounting I. Three semester hours. (1, 2; 3 or 4) An introduction to financial accounting concepts and financial reporting, with the focus being on how decision makers analyze, interpret, and use accounting information. Emphasis is given to how accounting measures, records, and reports economic activities for corporations and on the relationship between accrual and cash flow measures in interpreting accounting information. Prerequisite: Completion or concurrent enrollment in MIS 128 or CSci 126. %

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.