This course is a study of the underlying theory and application of financial accounting concepts. It presents the theory and methodology of interpretation of economic transaction; and the recording, and reporting of monetary data arising from economic transactions and daily events. Although the initial emphasis is on the use of accounting information in decision-making ("user perspective"), equal attention will be devoted to the preparation of financial statements ("prepare perspective"), as well as understanding and analysis of the financial statements ("user perspective"). This is an introductory course that presupposes no prior knowledge of accounting. The emphasis with respect to business structures will be on corporations.

Prerequisite(s): ENGL 1010 or ENGH 1005 and MAT 1010 or higher recommended. Teaches basic accounting methods and tools for business decision making. Incorporates financial and managerial accounting to provide basic understanding of generally accepted accounting principles (GAAP). Applies analytical tools to assess profitability, relevant costs, and investment decisions.. Canvas Course Mats of $115/McGraw applies.