Mohawk Valley
1101 Sherman Dr Utica, NY 13501-5394
Active
Mohawk Valley has listed this a core course in the following categories:
The core course can be applied to following SUNY Transfer Paths:
AC 115
Financial Accounting
This course is the first of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers the complete accounting cycle for service and merchandising businesses through the adjustment and closing of the books and the preparation of the income statement, the statement of owner equity, and the balance sheet. The details of accounting for cash, receivables, inventory, long-lived assets, and current liabilities are investigated.