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May 05, 2024
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MGT 254 - Financial Accounting Introduction to basic accounting concepts and procedures. Recording transactions, adjusting entries, closing entries, preparation of financial statements, internal control procedures, accounting for merchandisers and payroll accounting. Does not fulfill requirements for economics major or minor. (3 cr. hr.)
Frequency code A = offered every semester
Student Learning Outcomes
Upon successful completion of this course, students will be able to:
- Effectively communicate relevant financial information to external parties.
- Interpret financial statements.
- Describe the accounting model, the measurement processes, data classification and terminology of accounting.
- Describe and utilize the generally accepted accounting principles and standards.
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