Jul 25, 2024  
ARCHIVED 2022-23 Undergraduate Catalog 
ARCHIVED 2022-23 Undergraduate Catalog [ARCHIVED CATALOG]

ACC 103 - Financial Accounting (3)

An introduction to accounting, the language of business, for service and merchandising corporations. Upon completion of this course, students will be able to:

  • Understand and use the accounting equation;
  • Prepare and understand basic financial statements;
  • Complete all steps of the accounting cycle;
  • Account for merchandising transactions; and
  • Account for inventory, cash, receivables, plant assets & intangibles, current liabilities, payroll and corporate equity. Terms offered: Normally offered every semester on the Crete campus; at least once annually on the nonresidential campuses and at least once online