Examine accounting theory, principles and practice. Learn about accrual account concepts, transaction analysis, recording and processing (journals and ledgers) methods. Gain an in-depth understanding of the preparation and analysis of financial statements (income statements, balance sheets and cash-flow statements); sales and cost of sales; inventory valuation; depreciation of operational assets; accounting for investments; and liability and present value concepts.

This course fulfills one of the three prerequisites for the UC Davis School of Management's Master of Professional Accountancy Program.