Unless otherwise indicated, a grade of C or higher is required for all prerequisite
Survey of accounting cycle concepts and applications. Topics include the balance sheet
equation, journal entries, general ledger accounts, the trial balance, adjusting journal
entries, and preparation of financial statements. 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 accounting cycle, so this course will help students prepare for the CPA exam.