Principles of Accounting introduces students to a range of accounting knowledge and skills. Students examine the need for financial information, the role of accounting, the nature of internal accounting controls, and the importance of short- and long-term financial management within a business. They also determine the effects of transactions on the accounting equation, become familiar with steps of the accounting cycle, calculate payroll, process accounts receivable and payable, account for long-term assets, and prepare financial statements. In addition, financial regulations, accounting standards, ethical decision-making, and technology are emphasized throughout the course.
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