Builds upon the financial accounting framework that was developed in ACCT101. It extends the student's understanding of generally accepted accounting principles through an in-depth review and examination of various assets on the balance sheet and revenue and expense issues. Students acquire an awareness of the underlying rationale of existing accounting alternatives as well as an appreciation of the characteristics and limitations of accounting.

Prerequisites: Accounting 101 and 2nd year standing required
Corequisites: Academic Integrity Training 100
Further information: Course availability and times