ACC 110 - Applied Accounting

3 credits (PREREQUISITES: MATH 097; CAP 110)

This course is designed to introduce the basic principles of accounting analysis to the non-accounting major. Focusing on the knowledge and skills a manager needs to understand standard financial documents produced by accountants, students will develop an understanding of financial topics including current assets, plant assets, depreciation and amortization of intangible assets. This course will also discuss accounts receivables, payables, inventory and cost of goods sold. Students will prepare and perform analysis of financial statements. Financial Statement ratios will be introduced as an integrated analysis. Students will learn to read and understand an annual report. (F, Sp, Su)