Aug 18, 2018  
Loyola Marymount University Bulletin 2017-2018 
Loyola Marymount University Bulletin 2017-2018 [ARCHIVED CATALOG]

ACCT 2110 Financial Accounting

3 semester hours

This is the first course in a two-accounting-course sequence that is required for all business majors. This course introduces the student to 1) the role of accounting in business and society, 2) the basic concepts and techniques of financial accounting and 3) the use of financial statements for decision-making purposes. Topics covered include analyzing and recording business transactions; preparation of accounting records for business organizations; accounting valuations of financial resources; and the preparation, interpretation, and analysis of financial statements.

Prerequisites: MATH 112  or MATH 120  or MATH 131 , all with a minimum grade of C (2.0).