BUSI 245 Accounting

This course introduces students to fundamental accounting principles and applications. The basic and expanded accounting equations serve as a framework for the course. Financial reports, including the balance sheet, income statement and statement of cash flows, are both prepared and interpreted. Students will complete the entire accounting cycle by analyzing, documenting, recording and producing reports. Students will learn to interpret, categorize and document the various accounting categories (Assets, Liabilities, Owners Equity, Revenue, and Expenses) and their respective accounts.

Notes: 3 credits

Prerequisite: BUSI 101 Intro to Business