This course is offered via distance learning only (see Distance Learning). Students analyze and record business transactions, implement accrual basis accounting and prepare basic financial statements. In addition, students apply generally accepted accounting principles to the elements of the balance sheet. This class is fast-paced (double the normal pace of ACCT 1111 and ACCT 1112). Note(s)ACCT 1111 plus ACCT 1112 are equivalent to this course.