Acct 200 - Survey of Accounting

Institution:

Widener University-Delaware Campus

Subject:

Description:

Survey of Accounting is intended to familiarize students with the fundamentals of external financial reporting and responsibility, including not-for-profit accounting. The objectives, concepts, principles, and methods of financial accounting, within the framework of generally accepted accounting principles (GAAP), are examined and practiced. This includes the preparation and analysis of standard financial statements for a business enterprise and a not-for-profit organization. Emphasis is also placed on the tax implications of business decisions and the difference between accounting income and taxable income. The managerial accounting segment emphasizes internal reporting issues such as cost behavior patterns, direct and indirect costs, cost allocation, budgeting, break-even analysis, and the time value of money and present value concepts as they relate to capital budgeting decisions. Finally, students are exposed to selected "codes of conduct" for accounting professionals and the role that ethics plays in financial reporting.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.widener.edu

Phone Number:

(302) 477-2100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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