May 29, 2024  
2023-2024 UMM Undergraduate Catalog 
    
2023-2024 UMM Undergraduate Catalog

ACC 314 - Small Business Accounting


Small Business Accounting is a comprehensive course designed to provide students with an understanding of accounting principles and practices for small businesses. Throughout the course, students will learn how to prepare and analyze financial statements, develop budgets and forecasts, manage cash flow, and use accounting software to manage business finances. Additionally, students will gain knowledge on the role of taxation in small business accounting, including the preparation and filing of tax returns. The course is designed to equip students with the skills necessary to communicate financial information to stakeholders, make informed financial decisions, and manage accounting functions effectively in a small business setting. Upon completion of this course, students will have the knowledge and skills necessary to analyze and interpret financial data, make informed financial decisions, and manage business finances using accounting software.

Prerequisites: BUS 111 and BIS 105 or with permission from the instructor.

Course Typically Offered Variable

Credits: 3