Dec 28, 2025  
Loyola Marymount University Bulletin 2013-2014 
    
Loyola Marymount University Bulletin 2013-2014 [ARCHIVED CATALOG]

ACCT 2110 Financial Accounting


3 semester hours

This is the first course in a two-accounting-course sequence that is required for all business majors. This course introduces the student to 1) the role of accounting in business and society, 2) the basic concepts and techniques of financial accounting and 3) the use of financial statements for decision-making purposes. Topics covered include a summary of the accounting cycle, analyzing and recording transactions, accounting valuation and allocation practices, preparation, interpretation, and analysis of financial statements.

Prerequisities: BADM 1010 , BADM 1020 ; MATH 111  or MATH 112  or MATH 131 , all with a minimum grade of C (2.0).

Prerequisite(s): UG BADM 1010 C and UG BADM 1020 C and (UG MATH 111 C or UG MATH 112 C or UG MATH 131 C)