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Apr 27, 2024
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ACC* 113 - Principles of Financial Accounting I 3 credits Examines the structure of accounting and the accounting equation. Studies the basic essentials which include journalizing and posting transactions; preparing the trial balance; preparing financial statements and journalizing and posting adjusting and closing entries. Introduces the basic concepts of asset and liability measurement, both current and long-term, and revenue determination by examination of specific accounts. Corporate organizations and retained earning accounts are studied. Prerequisite(s): Eligibility for MAT* 109
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