BUS 205
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Introduction to Accounting
Department(s)
Course Description
This required core course in Accounting is split into two parts. Part I covers the essential topics in Financial Accounting and Part II covers the essential topics in Managerial Accounting.
In Financial Accounting, students examine the accounting principles and methods (GAAP) used in the preparation of the four principal financial statements, understand how transactions affect a firm's financial statements, and analyze and interpret financial statements.
In Managerial Accounting, students examine how a manager uses accounting information within his or her organization. In this part of the course, students explore how a firm determines the cost per unit of the products and services it sells; how it formulates and decides strategy based on accounting numbers; and how it plans, controls, and evaluates its operations.
In Financial Accounting, students examine the accounting principles and methods (GAAP) used in the preparation of the four principal financial statements, understand how transactions affect a firm's financial statements, and analyze and interpret financial statements.
In Managerial Accounting, students examine how a manager uses accounting information within his or her organization. In this part of the course, students explore how a firm determines the cost per unit of the products and services it sells; how it formulates and decides strategy based on accounting numbers; and how it plans, controls, and evaluates its operations.
Course Typically Offered
Offered every semester.
Career
Undergraduate
Prerequsites
000979
Catalog Course Attributes
CO24 - SOCSCI (Social Sci and Historical), INTD - BLP (Business Leadership Progrm BUS)
Min Units
1
Max Units
1
Name
Lecture
Optional Component
No
Final Exam Type
Yes