ACC 151 , 152 is a two semester introduction to accounting. Accounting application is critical to this course as the preparation of trial balances, adjusting and other journal entries, and financial statements are the focus. Financial and managerial decision making techniques are discussed and applied in detail during the second semester. Every semester. Prerequisite for ACC 152: ACC 151.

This course studies the double-entry accounting system, including: the accounting cycle, books of original entry, preparation of journal entries, worksheets, the trial balance, and statements of financial position and income. Emphasis is on the proper recording and reporting of assets, liabilities, equity, revenue, and expenses.