Course Details

ACT 201 - Introduction to Financial Accounting

Course Detail: An introduction to the accounting model and financial statements with emphasis on the concepts and terminology needed to understand a corporate report. Topics include accounting processes for service and merchandising enterprises; current assets and liabilities; long-term assets; stockholders? equity; revenues and expenses; methods of depreciation; inventory pricing; and accounting cycle for both service and merchandising companies. 

[Pre-requisite ]
[Credit Hours: 3]


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