ACCT 203: Survey of Accounting

ACCT 203-K01: Survey of Accounting
(Fall 2025)

09:00 AM to 11:40 AM T

Mason Korea (119 Songdomunhwa-ro, Yeonsu-gu, Incheon, Korea) G202

View the schedule of classes

Section Information for Fall 2025

This course provides a detailed overview of both financial and managerial accounting. In financial accounting, you'll learn how to record transactions, create financial reports, and prepare financial statements for people outside the company, like investors and creditors. Managerial accounting, on the other hand, focuses on how managers within the company use financial information to make decisions. The course will teach you important financial accounting concepts, such as the steps in the accounting cycle and how to understand key accounts on the balance sheet. It also covers managerial accounting topics, including how to calculate the cost of goods manufactured, perform cost-volume-profit (CVP) analysis, and determine the break-even point, which are all tools that help managers plan and make decisions. 

Course Information from the University Catalog

Credits: 3

This course provides an introduction to financial and managerial accounting. Financial accounting is explored from the perspective of those who prepare and use financial information, covering topics such as recording financial transactions, preparing financial statements, understanding cash management, and internal controls. Managerial accounting topics include cost behaviors, breakeven analysis, manufacturing activities, and short-term decision-making. This course prepares students for the next course in the sequence, ACCT 303.Offered by Accounting. Limited to two attempts. Equivalent to ACCT 204.
Recommended Prerequisite: ECON 103
Registration Restrictions:

Students with the terminated from BC major attribute may not enroll.

Schedule Type: Lecture, Recitation
Grading:
This course is graded on the Undergraduate Regular scale.

The University Catalog is the authoritative source for information on courses. The Schedule of Classes is the authoritative source for information on classes scheduled for this semester. See the Schedule for the most up-to-date information and see Patriot web to register for classes.