AC205

Introduction to accounting principles including the recording of business transactions through the accounting cycle, from journal entry, posting, adjusting and closing entries through work papers and preparation of financial statements is studied. Related topics include enternal control, receivables and payables, the control of cash transactions, inventories, depreciation, intangible assets and payroll accounting. Ethical business practices and client privacy issues are stressed throughout all phases of the course. 3 Lecture hours. Offered: Fall