Prerequisites: Completion of CS 100 with a grade of "C" or better and eligibility to enroll in MATH 112 or consent of the instructor. . Concurrent enrollment in ACCT 103 or successful completion of ACCT 103 with a "C" or better Introductory course for the study of fundamental accounting principles involved in the preparation of financial statements for corporations. Includes the study of the accounting cycle, accounting systems, cash, receivables, inventories, long-term assets, liabilities, and equity accounts. 3 lecture hours; 0 lab hours per week. IAI: BUS 903

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.