200

This course is an introduction to the basic concepts and principles underlying financial accounting systems used to report a company’s position. Coverage includes an overview of accounting principles and the recording of business transactions, the accounting cycle, evaluation of assets and liabilities, and the construction and analysis of financial statements. The course also addresses financial fraud and its prevention by using internal control procedures. Pre-requisite(s): BUS 101, or BUS 430, or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours

This course provides an overview of the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Coverage includes types of costs, types of budgets and their uses, cost-volume-profit relationship, product costing methods, forecasting, and managerial decision making processes. Pre-requisite(s): BUS 101 or BUS 430 or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours