Accounting Courses

ACCT 241 Introduction to Financial Accounting (3)

Examines the financial accounting function of business entities. Develops an understanding of the financial information in published financial statements (income statement, balance sheet, cash flow statement, and equity statement). Examines the role of financial data in the decisionmaking process of “investors” and other “outsiders” of the business entity. Computer applications including electronic spreadsheets and financial statements retrieved from online sources are emphasized.
Offered every semester.

ACCT 242 Introduction to Management Accounting (3)

Prerequisites: ACCT 241 and ECON 112. Pre- or corequisite: BMGT 311. Focuses on providing information useful for internal decisionmaking in production, merchandising, government and service-oriented enterprises. Primary emphasis given to understanding of costs and cost behavior and the use of cost information for planning, controlling, decision-making performance evaluation and product costing. Introduces recent developments in management accounting, such as activity-based costing (ABC) and Just-in-Time (JIT). Development and use of electronic spreadsheets is emphasized.
Offered every semester.