Introduction to the basic concept and techniques emphasizing the importance of accounting as a basis for decision-making by business people, investors and government officials and an analysis of business problems in which accounting issues are dominant elements. The basic structure of accounting systems and controls, working capital, accounting problems of the corporate entity, long term resources and depreciation, forms of business organization. Fall, Spring.

Examination of the account cycle and systems and procedures for developing financial information; introduction to the conceptual and theoretical foundation of financial information systems; and interpretation of financial statements.