The first of a two-course sequence in basic accounting, this course emphasizes the preparation, understanding and analysis of the standard financial statements for the purpose of making informed business decisions. Topics covered also include the processing of transactions through the accounting cycle, generally accepted accounting principles, and the role of accounting in business. Sophomore standing required. Prerequisites: CO1 course AND (MA 1 course OR Computed Math Placement Score MA 121 or higher) Credits: 4 Clock Hours - (Lect-Lab): (4-0)

This course provides a thorough study of basic accounting principles. The accounting cycle is introduced using an appropriate mix of conceptual and procedural problems. A real-world problem using computer applications is also covered. This is a basic course, which aids in building a foundation for financial analysis and decision-making. (Fall, Spring, Summer) [Graded (Standard Letter)] Registration Restriction(s): Intensive English Program majors may not enroll