| Course Description |
|---|
|
| This course will introduce students to the accounting of economic |
| transactions according to Generally Accepted Accounting Principles |
| (GAAP)and current Financial Accounting Standards. It examines |
| financial accounting from both the user and preparer perspectives. |
| Economic transactions are reported and analyzed by type of |
| business activity: operating, investing, and financing. This |
| course also examines the financial impact of working and fixed |
| capital transactions on cash flows and profitability for both |
| service and merchandising businesses. |