Prerequisite: Minimum grade of C in READ 100 and MATH 100P or satisfactory test scores; and BUSI 101, concurrent enrollment allowed. Covers the principles of accounting with an emphasis on financial accounting for sole proprietorships, also including partnerships and corporations, the accounting cycle, financial statements, worksheets, adjusting and closing entries, service and merchandising enterprises, special journals, subsidiary ledgers, cash, voucher system, receivables, inventory, plant assets, payables, payroll and theory. [Semesters Offered: Fall, Winter, Spring]

3-0-3 Offered Fall, Spring, and Summer Semesters Prerequisites: Placement into ENG 101 and satisfactory math test placement or completion of MAT 101, or MAT 105, or MAT 155 This course introduces basic accounting procedures for analyzing, recording, and summarizing financial transactions, adjusting and closing the financial records at the end of the accounting cycle, and preparing financial statements. An introduction to accounting theory is included in this course.