Prerequisites: ACCT 201B and completion of all lower division business administration core courses with a “C” (2.0) or better in each course. Corequisite: BUAD 301. Accounting theory; preparation of income statements, balance sheets and statements of accounting theory; preparation of income statement, balance sheets and statements of cash flows, and comprehensive income; IFRS (International Financial Reporting Standards); present value concepts; assets, liabilities and stockholders’ equity; revenue recognition and investments.
