Unless otherwise indicated, a grade of C or higher is required for all prerequisite
Survey of the time value of money (TVM) concept. Topics include calculation of present
values and future values for single amounts and annuities. The TVM concept will be
applied to problems commonly found in accounting such as notes, bonds, and leases.
This course provides foundational skills that will help students succeed in all other
accounting courses. Students may use this course as preparation for future accounting
classes or as a review. The Financial Accounting and Reporting (FAR) section of the
CPA exam includes questions based on the time value of money concept, so this course
will help students prepare for the CPA exam.