ACCT 201 — Introduction to Financial Accounting (3 Credits, Fall/Spring/Summer)
This course introduces financial accounting in preparation for more advanced business topics within the business major. Recording financial information in a standard format allows managers, investors, lenders, stakeholders, and regulators to make appropriate decisions regarding their respective interests. In this course, the formats of focus will be identified as the Income Statement, the Balance Sheet, Statement of Cash Flows, and Statement of Retained Earnings Equity. Students will learn how to compile and analyze these financial statements, determine the value of a firm, and compare the firm to its competitors. PREREQ: Placement into MATH 153 . (3 lecture hours, 0 lab hours, 3 credits)