BUS340 Financial Accounting I

BUS 340 Financial Accounting I covers accounting from the basic accounting equation to the preparation of the income statement, statement of owners' equity, and balance sheet. This course covers merchandise operations, valuation and control of cash, temporary investments and receivables, inventories and cost of goods sold, principles of internal control, and accounting for payroll liabilities. Important accounting principles and concepts are included, as well as the classification of accounts.