Accounting stresses skills and techniques of keeping neat and accurate financial records for management decisions and orients students to advanced study in business administration. Accounting teaches students to understand the language of business; to analyze business transactions; to maintain journals and ledgers; to take a trial balance; to make adjusting, closing, and reversing entries; and to prepare financial reports of the business at the end of a fiscal period. During this process the student will also develop an understanding of the composition of basic asset, liability, equity, and income determining accounts, in accordance with current accounting concepts and principles. Students will be introduced to the fundamental mechanics of accounting for proprietorships, partnerships, and corporations.