This course involves the study of accounting theory and practice from the perspective of both preparers and users.  It develops the student's technical and problem-solving ability that will be required in the accounting process and the preparation and analysis of financial statements.  Emphases are on the basics of accounting and on accounting for most assets.

The objectives are: to enable students to comprehend and evaluate the conceptual framework which underlies accounting methods and reports, to provide students with the knowledge of accounting practice, and to discuss the disclosure of financial accounting information for reporting purposes.