Principles of Accounting I

Catalog description

This course emphasizes how financial statements communicate information about the business performance to internal and external users. The student is introduced to how to process and present financial information. Students learn how to record transactions, adjust balances and prepare financial statements for service and merchandise firms. Some elements of financial statements included are: cash, receivables, inventory and long-lived assets. Concepts from this course are applied further in Principles of Accounting II.