An introduction to financial accounting concepts including the accounting cycle and financial statements for service and merchandising sole proprietorships or partnerships. The analysis, interpretation, and recording of business transactions, as well as special journals, the voucher system, and a general knowledge of basic accounting principles and procedures.

Topics include corporations, cost accounting, stocks, bonds, financial statement interpretations, and theories and principles of accounting, with an emphasis on management accounting methods.

The course provides the student with foundational information about the U.S. legal system and dispute resolution, and their impact on business. The major content areas will include general principles of law, the relationship of business and the U.S. Constitution, state and federal legal systems, the relationship between law and ethics, contracts, sales, torts, agency law, intellectual property, and business law in the global context.