ACC201-89 Financial Accounting
Students learn principles of financial accounting with emphasis on service and merchandising businesses. Topics include: the accounting cycle, recording transactions, adjusting accounts and preparing financial statements, inventory valuation, depreciation methods, disposal of assets, receivables, liabilities, investments, and interpreting financial statements of proprietorships, partnerships and corporations. This is a transfer level course in Financial Accounting intended for the Associate in Arts student.
Prerequisite: (BUS100 or HRM140) and GIT110 and MAT030 and ENL020 or satisfactory basic skills assessment scores.
ACC202-89 Managerial Accounting
Students learn managerial accounting concepts applied to a variety of businesses with emphasis on job order costing, process costing, cost allocation and cost-volume profit analysis. The budgeting process is examined using master budgets and planning, flexible budgets with standard costs and variances, capital budgets and managerial decisions.
Prerequisite: ACC201 or ACC111 and ACC112.