Three hours per week. Prerequisite: Placement in MATH course numbered above 112. A "C" or better must beearned in ACCT 201 and in ACCT 202 as a prerequisite for all upper-level accounting courses except ACCT 310. An introduction to the use of accounting information and to the language of business as found in reports and financial statements as a basis for measuring performances and making business decisions. Topics covered include accounting for receivables, inventories, depreciation, current liabilities and partnerships.

Introduction to fundamental concepts and principles underlying accounting information, the accounting cycle, service and merchandising operations, sole proprietorships and partnerships, and corporations. (TCCNS = ACCT 2301)