Financial Accounting I

Catalog description

Develops an understanding of the theory, concepts, principles and practices underlying preparation, interpretation, and use of external financial reports. Emphasizes interpreting the economic substance of events and transactions and their association with contemporaneous and prospective events, relationships, and outcomes. Gains understanding of the accounting information model and develops an ability to analyze and record business transactions and analyze basic financial statements. Meant for prospective accounting and finance majors (and students who plan current majors in these areas) and develops skills and abilities facilitating success in higher-level accounting courses.