BUS 3 Financial Accounting

Units: 4
Advisories: ENG 1A or ENG 2A , and MATH 37 or MATH 37EX each with a grade of “C” or better.
This is the study of accounting as an information system, examining why it is important and how it is used by investors, creditors, and others to make decisions. The course covers the accounting information system, including recording and reporting of business transactions with a focus on the accounting cycle, the application of generally accepted accounting principles, the financial statements, and statement analysis. It includes issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls, and ethics. (HBCU, UC, CSU, C-ID ACCT 110)