ACC 104 - Financial Accounting

Credits: 4
Lecture Hours: 4
Lab Hours: 0
The primary purpose of this course is to enable students to analyze, record, classify, and summarize data about business transactions. Topics include: the accounting equation; the accounting cycle; including adjusting year-end procedures such as deferrals and accruals; cash management and internal controls; preparation and some interpretation of financial reports; and measurement, recognition, and valuation of financial statement information including receivables, inventories, plant assets; long-term liabilities, and stockholders’ equity.