ACC 110 - Financial Accounting Information for Decision Making

This course is designed to help students appreciate the role of accountants in providing information helpful to the decisions of investors, creditors, government regulators, and others, and how that information can be used. Emphasis is on understanding the meaning and value of the balance sheet, income statement, and statement of cash flows. The role of the auditor, internal controls, and ethical issues are examined. The annual report is used to explore how corporations apply accounting principles in presentations to the public.

Prerequisite(s): Minimum of 12 earned credit hours, MAT 101 (C or higher), or appropriate placement test scores (SAT Math score >= 570 or Accuplacer QAS>=263) or C- or higher in MAT 108 or MAT 140 or MAT 148 or MAT 152, or C- or higher in MAT 120 or MAT 210 or other approved statistics course. See usm.maine.edu/school-of-business/stats for other approved statistics courses.
Co-requisite(s):
Credits: 3

Course Typically Offered:
Course Type: Accounting