Acc 20: Financial Accounting (3 units)

This course focuses on the basic concepts of Accounting, primarily on the accounting cycle using the double entry system which includes: (1) identification of accounting transactions including the use of T-Accounts; (2) preparation of financial statements; and (3) discussion on the revenue cycle, the expense cycle, the financing cycle and the investment cycle as they relate to the accounting system.  Emphasis will be on the use of accounting information for making business decisions. Whenever possible, quantitative approaches to illustrating accounting concepts will be used.