Prerequisite: MATH 145C or 265C or college algebra. Introduces the concepts, rationale, and procedures related to financial accounting and reporting. It focuses on understanding the accounting cycle and its components, and the resulting financial statements. Presents workplace fraud and its related ethical challenges. The sole proprietorship business setting is used to study business transactions before learning about sophisticated equity structures.

The business curriculum and to success in the business world beyond college. The purpose of the course is to (1) give students a grasp of accounting terminology, (2) help students learn the process of gathering, classifying and reporting financial information on financial statements, and (3) provide analytical skills necessary to understand the importance of financial statements in economic decision making. (ACCT 2301)