Course Code: HOET 150
Academic Year: 2025-2026
Students will be introduced to the complete accounting cycle, from recording transactions in journals and ledgers to the preparation of different types of financial statements. Financial terms and a basic understanding of how business transactions are recorded and summarized into financial statements for use in managing operations will be the primary outcome. Students will also be introduced to a few basic financial and operating ratios to facilitate simple financial statement analysis, in preparation for more advanced study in a subsequent course. This course assumes no accounting background on the students part.