ACCTG 201 (ACCT116a)

Accounting is an information system that tracks and communicates business activities, while managerial accounting focuses on areas like cost accounting and internal auditing, with most opportunities found in private accounting. Key accounting concepts include principles such as revenue recognition and expense recognition, as well as financial statement preparation, like income statements and balance sheets. Ethical decision-making, certifications like CPA, and financial ratios (e.g., Return on A...