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: 1) Understand and use the accounting equation; 2) Prepare and understand basic financial statements; 3) Complete all steps of the accounting cycle; 4) Account for merchandising transactions; and 5) Account for inventory, cash, receivables, plant assets & intangibles, current liabilities, payroll and corporate equity.