Principles of Financial Accounting

Catalog description

An introduction to the area of financial accounting. Encompasses accounting concepts from the point of view of the corporate investor and business management. Accounting procedures are discussed to facilitate the comprehension of the recording, summarizing, and reporting of business transactions. The basic principles of asset valuation and revenue and cost recognition are presented. Various asset, liability, and capital accounts are studied in detail with emphasis on an analytical and interpretive approach. The area of financial accounting is further analyzed through a discussion of the concepts and underlying financial statement analysis and the exposition of funds flow. Conducted in English.