ACCT 105 — Financial Accounting
This is an intr oductory course that prepares a student to become skilled at basic accounting procedures, with the intent of accurately presenting financial information for decision -making. The material is vital for all participants in business. Students will learn about balance sheets, income measurement, recording processes involving journals and ledgers, and the accounting cycle. Students will also examine the major elements of financial statements such as cash accounts receivables, inventories, long -term assets, liabil ities, and equity. Financial statement analysis occurs throughout. Prerequisite(s): MATH-040 or appropriate placement Corequisite(s): ENGL-100 or ENGL-101