This course provides an introduction to the fundamentals of financial accounting. Topics include: the accounting cycle, adjusting entries, accounting for a merchandising business, sales taxes, subsidiary ledgers, cash, bank reconciliation, accounts receivable, notes receivable, inventory, capital assets, current liabilities, long-term liabilities, corporate accounting, cash flow statement, and financial statement analysis.
ABTS 140 is identical to ACCT 100, but with the addition of a number of practical simulations.
Prerequisite: Admission to the Administrative Assistant Program