Nov 23, 2024  
2014-2015 Undergraduate Catalog 
    
Catalog Navigation
  Catalog Home
  Undergraduate Programs
  Undergraduate Courses
  Academic Calendar
  Catalog Guide
  Introduction to NIU
  Undergraduate Academic Programs
  Admission
  Limited Admissions and Limited Retention
  University Graduation Requirements
  General Education Requirements
  Other Graduation Requirements
  Educator Licensure Requirements
  Academic Regulations
  Expenses
  Financial Aid and Scholarships
  University Services
  Academic Information
  College of Business
  College of Education
  College of Engineering and Engineering Technology
  College of Health and Human Sciences
  College of Liberal Arts and Sciences
  College of Visual and Performing Arts
  Inter-College Interdisciplinary Programs
  Interdisciplinary Courses
  Other Academic Units
  Course Descriptions
  Articulation Curriculum
  University Administration
  Legal Notices
  Campus Maps
  2014-2015 Undergraduate Catalog PDF
HELP
2014-2015 Undergraduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

ACCY 206 - Introductory Financial Accounting

Introduction to financial accounting as a means for recording transactions and preparing financial statements for external reporting purposes. Examines the nature of accounting, basic accounting concepts, financial statements, accrual basis of accounting, the accounting cycle and internal control. Topics include corporate accounting for assets, liabilities and stockholders’ equity, and the corporate income statement. Emphasis on usefulness of accounting information for business decision making. Not open to students with credit in ACCY 288.

Prerequisites & Notes
PRQ: Completion of 24 or more semester hours of course work and a grade of C or better in OMIS 259 or equivalent.

Credits: 3