Introductory Accounting II

This course takes the view that business is an exciting process and that accounting is the perfect window through which to understand how economic events affect businesses. Knowledge of accounting for business is worthwhile because all of us relate to companies in one or more of the following ways: as investors, managers, customers, creditors, government regulators, observers or critics. This course stresses underlying concepts, but it makes them concrete with profuse illustrations, many taken from corporate annual reports. A major objective is to equip students with enough fundamental concepts and terminology so that they can comprehend a typical corporate annual report. PREREQ: ACCT-1001(formerly COMM 1106), minimum C. (lec 3) cr 3. Cross-listed with ADMN 1107. Student cannot retain credits for both COMM 1107 and ACCT 2001.