ACC 130 - Introductory Accounting and Financial Analysis
Basic principles of both financial and managerial accounting with the focus on what accounting information is, what it means, and how to use it. Students will learn that accounting is a vital link between business events and business decisions.
Prerequisite(s): TRS 094 or MTH 130, either with a grade of C or better OR MCC Level 4 Mathematics Placement OR equivalent.
Course Learning Outcomes
1.Perform each step of the accounting cycle for a service business or merchandising operation.
2.Perform basic financial analysis.
3.Explain how to account for balance sheet elements such as inventories, receivables, plant assets, intangible assets or liabilities.
4.Analyze budget reports.
Course Offered Fall, Spring