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    South University
   
 
  Sep 23, 2017
 
 
    
2016-2017 South University Academic Catalog Version II

ACC1001 Accounting I


Prerequisite(s): None
Corequisite(s): None
ACC1001 is the first of a three-course sequence focusing on how stakeholders rely upon accounting information to assist them in their decision making activities. ACC1001 introduces accounting as the “language of business”–the tool used to communicate the effects of an organization’s business activities on its income, financial position, and cash flows. The course provides an overview of the financial accounting system, including: the role of accounting in business; the format, content, and use of financial statements; the impact of transactions on the financial statements; the regulatory environment of accounting; and the accounting standard-setting process. 4 credit hours