ACC* 271

This course includes a review of the accounting profession, sources of GAAP,
and the complete accounting cycle, as well as a study of financial accounting
theory, financial statement elements and format, compound interest concepts,
and transactions affecting the Current Asset accounts. Emphasis is placed on
analyzing and journalizing complex transactions affecting these accounts, as
well as proper financial statement presentation. Emphasis is also placed on
understanding the theory underlying GAAP. This course may involve computer
applications, including spreadsheets and general ledger. Formerly listed as
ACCT 201, not open to students who have successfully completed ACCT 201.
Prerequisite: ACC* 112 or ACC* 115 or equivalent