ACC 101 - Financial Accounting (3 credits)
This course will focus on performing financial analyses, deriving information for personal or organizational decisions, and understanding business, governmental, and other organizational entities. The concepts of assets, liabilities and equity will be studied in detail. Students will be exposed to ethical and global aspects as it affects the financial accounting practice. Topics include: financial statements, accounting cycles, reporting financial results, financial assets, stockholder equity, and retained earnings and cash flow.
ACC 102 - Managerial Accounting (3 credits)
This course will focus on providing a practical understanding of the use of accounting by management in planning, controlling operations in all functions of an enterprise, and choosing among alternative courses of action. Students will use accounting and other quantitative and qualitative concepts to prepare reports for decision-making purposes. Topics covered include: revenue analysis, business progress evaluation, preparation of operating budgets, and evaluation of capital investment proposals. Students will be exposed to the ethical and global aspects of managerial accounting as they affect performance and investment evaluations. Prerequisite(s): ACC 101.