2020-2021 Accelerated Undergraduate Catalog

ACC 205 Financial Accounting

Financial accounting is the branch of accounting that prepares all the financial information for those outside the organization. This course explores at a greater level the process of recording, summarizing and reporting the vast amount of transcactions that take place over time during the business accounting cycle. The Bible will be used to show examples of Bilbically sound recording practices. Students will tackle topics centered around a more complete understanding of the major financial statements, the components of each, and finallly how they provide information to the end user. (3 credits)