This course offers an introduction to the fundamentals of financial accounting. Topics include the accounting cycle, adjusting entries, merchandising accounting, sales taxes, cash, temporary investments, accounts and notes receivable, inventory, capital assets, current liabilities, long-term liabilities, introductory corporate accounting, cash flow statements, and financial statement analysis. An accounting-related software package may be taught to meet the needs of particular programs.
Prerequisite: Admission to the Business Diploma, CSOM, Tourism Programs, or the Horticulture Business Diploma
Note: Students will not receive credit for both ACCT 100 and ACCT 121 or BBUS 221.