Cynthia Harmon / 8/21/2017 - 12/14/2017
This is an introduction to financial accounting and stresses the use of financial information in making investment and business decisions. The course covers the primary elements of the financial statements, fundamentals of accrual accounting, a study of internal control and cash safeguards, accounting for inventories and fixed assets, the presentation and use of the statement of cash flow, and the fundamentals of long-term liabilities. The course emphasizes the uses of accounting information rather than the preparation of financial statements. Prerequisite: MATH 043 or higher.