ACCT 121

Financial Accounting 1 (4,0,0) 3 credits

This is the first of a two-course introduction to the fundamentals of financial accounting. Topics include the accounting cycle, adjusting entries, preparation of financial statements, merchandise business accounting, cash, bank reconciliations, marketable securities, accounts receivables, notes receivable, inventory, and capital assets.

Prerequisite: Admission to the Accounting Technician Diploma

Note: Students will not receive credit for both ACCT 121 and ACCT 100 or BBUS 221.