The theory and practice of accounting applicable to measuring, recording and reporting business transactions for external uses. Topics covered include short-term liquid assets, merchandising operations, inventories, long-term assets, current and long-term liabilities, corporate capital accounts, and the statement of cash flows. Recommended for sophomores.Laboratory accompanies course. Offered fall and spring semester. Prerequisites: All department majors must have a personal notebook computer on entry into Accounting 201. Specific hardware requirements are available from the Fermanian School of Business.

Multiple different courses may qualify as transferable. Check with the institution for definitive transfer information.

[ACCT 2301] (3:3:0) Prerequisite: 2.75 GPA, sophomore standing, and a C or better in any college-level mathematics course. Concepts and terminology of accounting and financial reporting for modern business enterprises and the relationships between accounting information and business activities.