Principles of Accounting and Financial Reporting

Catalog description

Students will demonstrate understanding of accounting standards and practices in preparing, analyzing, and interpreting financial transactions relevant to businesses in today’s world of automation, business intelligence, and data analytics. Primary emphasis is on the financial accounting system for sole-proprietorships and the procedures for recording, summarizing, reporting, and interpreting results of business activities. This course will cover the development of basic financial accounting statements, ethical considerations, and the application of Generally Accepted Accounting Principles (GAAP).