The study of financial accounting fundamentals including information processing, income measurement, the reporting cycle, special issues for merchants, cash and highly-liquid investments, accounts receivable, inventory, long-term investments, PP&E (property, plant, & equipment), advanced PP&E issues/natural resources/intangibles, current liabilities and employer obligations, long-term obligations, and corporate equity accounting. Will not satisfy course requirements for the BBA degree program. Prerequisite: none. (Fall, Spring, Summer)