This course is an intensive study of financial accounting. The theories and concepts that define the content of the income staement, statement of retained earnings, and the balance sheet are studied in detail. Emphasis is placed on the theory and practice related to the accounting for asset accounts. Topics covered include cash and cash equivalents, receivable, fixed assets, and intangibles. Prerequisites: ACCT 331 with a minimum C, junior standing, Accounting and Finance majors. (F;S;SS)