Recording and reporting the results of operations and financial position of business organizations. Covers principles, measurement techniques and applications. Topics include: accounting cycle; merchandise accounting; balance sheet and income statement; assets, liabilities and stockholders' equity; financial statement analysis. Balanced treatment of theory, practice and use in a real-world environment. Falls and Springs. Prerequisite(s): completion of high school Algebra II and Geometry or removal of mathematics deficiency by completing the Preliminary Mathematics Requirement.