An introduction to the field of accounting with emphasis on corporate financial statements. Financial statements are viewed as a communication device conveying the financial health of a business to interested parties. The objective of this first course is to teach students to read, analyze, and interpret these financial statements. The emphasis is on developing critical thinking and problem-solving skills using accounting concepts. Students are exposed to the steps used by accountants to record, measure, and process financial information. Cash flow analysis is contrasted with the accrual basis of accounting; the concepts of asset valuation and income measurement are discussed. Accounting majors must pass this class with a minimum grade of "C." Prerequisites: college-level mathematicsrequirement with a minimum grade of "C-," or instructor permission.

Principles of Accounting I (3-0) (Common Course Number: ACCT 2301) A study of financial accounting concepts and procedures from the initial recording of an economic transaction to the preparation of financial statements for an entity. Prerequisite: MATH 1409 or MATH 1410 or MATH 1508 or MATH 1320 with a grade of "C" or better.