ACCT 205 - Principles of Financial Accounting

3-0-3
An introduction to the accounting model and financial statement preparation with emphasis on the concepts and terminology needed to understand a typical corporate report. Topics covered include current and long-term assets, current and long-term liabilities, stockholders’ equity, revenues, and expenses. Students wishing a foundational course are encouraged to take a lower-level Accounting course before attempting this course. Prerequisite(s): BUSG 129 and MATH 118. Note(s): Credit will not be awarded for this course and ACCT 201 or ACCT 202.