ACC 2203 - Accounting for Business

Credits: 4

This course is designed to develop the students’ ability to read and interpret internal and external financial reports, understand their underlying concepts, use their information in making informed decisions, and understand the effects of management decisions on these reports and the financial performance of the business. Topics include the basic concepts of the accounting process, preparation of the financial statements, analysis and application of the generally accepted accounting principles used to account for the various elements of the balance sheet and income statement, accounting for manufacturing operations, cost-volume-profit analysis, relevant costing, budgeting, and financial statement analysis.
Prerequisite(s): MGT 1100.