An honors course, ACCT 3002, is also available. Prereq.:grade of “C” or above in ACCT 2101; MATH 1431. Only Accounting and Finance students admitted to the College of Business or permission of department.Credit will not be given for both this course and ACCT 3002 or ACCT 7011. Accounting principles underlying preparation of financial statements; their application in measurement and reporting of selected balance-sheet items and related revenue and expense recognition.