Introduction to financial and managerial accounting. Study of the language of business for both the user and preparer of accounting information. Topics include the accounting cycle, preparation of financial statements and their use, accounting for manufacturing concerns, budgeting and decisions making using accounting information.
Note: The course must be taken in a one year sequence with ACC 201 first and cannot be reversed. Prerequisite: ACC 201 and minimum sophomore standing. Offered: Fall, Spring, Summer Credit: 3