LSBUS 260 Accounting Principles and Practices

6 Credits

Students are introduced to financial accounting as a system of recording, classifying, summarizing, and interpreting economic transactions for service and merchandising concerns. Accounting principles which are applicable to personal finances are included and cover the following topics: safeguarding assets; personal financial statements; budgeting; insurance analysis; and banking. Accounts and financial statements for proprietorship, partnership, corporate, and personal use are also examined. Computer software applications are utilized where appropriate.

Prerequisite(s): LSENG 190 and LSLIT 110 .

Open to Liberal Studies Degree students only.