ACCT 200: Financial Accounting
-Completion of MATH 093 or 094 OR
-Placement at college level math
-Placement at college level English OR
-Concurrent enrollment in ENGL 099/101
Sophomore standing recommended. This course offers students a full semester of financial accounting. It presents accounting as an information system that produces summary financial statements, primarily for users external to a business or other enterprise. The emphasis of the course is on understanding and applying basic accounting principles and other concepts that guide the reporting of the effect of common business transactions. How to analyze and interpret historical financial statements as well, and the limitations of using these in making business decisions is included. The primary content emphasis will be accounting for operating activities, current assets and liabilities, long-term assets and liabilities, corporations, cash flow statements, and financial statement analysis. 4 credit hours
IAI Major Code - BUS 903
Transferrable Elective Course: This course generally should transfer to an Illinois Articulation Initiative college or university. Please consult with your advisor about transferability.