Introduction to Accounting

Catalog description

This course provides an in-depth understanding of accounting concepts and generally accepted accounting principles used in recording, summarizing, and reporting financial transactions of business entities. The relevant financial information is communicated to different external parties, such as investors, creditors, . This fundamental course is designed to equip students with the knowledge and skills necessary to interpret, analyze, and communicate financial information effectively. You will engage in practical exercises and real-world examples to reinforce your understanding of financial accounting. For example, companies you may be familiar with, such as Netflix, Duolingo, or Amazon are required to disclose their financial results following the principles we study in this course. Thus, throughout the course, we will emphasize a balance between theory and practical application. By the end of the course, you will proficiently analyze financial data and interpret financial statements. This solid foundation in financial accounting, will enable you to make effective financial decisions and will enhance your critical thinking abilities toward understanding the financial state of an accounting entity.