AC 2503 - Financial Accounting (3) F, SP, SU
The introduction to financial accounting concepts, covering fundamentals of financial statement preparation for partnerships and corporations based on a user’s perspective. A study of the full accounting cycle in accordance with generally accepted accounting principles for the financial reporting of assets, liabilities and equity.
Prerequisites: Sophomore standing. Successful completion of the college of business spreadsheet pre-test. For students planning on majoring in accounting a “B” or better in AC2503 is required for AC 3503 .