MAC 5000 Accounting Foundations I

This course will prepare incoming graduate accounting students with a foundation in accounting principles.  The topics covered in the course include the accounting cycle, books of original entry, preparation of journal entries, worksheets, the trial balance, and the statements of financial position and income.  Emphasis is on the proper recording and reporting of assets, liabilities, and equity accounts.

Graduate accounting students lacking six credits of undergraduate accounting are required to take this course as a prerequisite for the core MAC courses.