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.

This course introduces the student to financial accounting and reporting concepts. Special emphasis is placed on measuring and reporting transactions and evaluating the operational performance of business entities.