Accounting systems, recording business transactions, matching principal, adjustments, accounting cycle, merchandising transactions, periodic and perpetual inventory systems, financial statements, special journals, cash, receivables, temporary investments, inventories, plant assets, intangible assets, current liabilities, payroll, notes payable, partnerships, corporations, equity rights, retained earnings, dividends, long-term liabilities, investments in bonds, investments in stocks, consolidations, multinational enterprises, and statement of cash flows. Expected to be offered: Fall semesters 3 credits

The study of accounting principles underlying financial reporting of organization to external users. The accounting model for capturing and processing the economic effects of financing, investing, and operating activities as well as the financial statements provided by the model are developed. Focus is placed on reading, interpreting, and applying the financial information in decision-making processes. Pre-requisite: MATH 121 with C or better. Three credit hours.