Financial Accounting

Catalog description

Section information text: Students in this course build upon their knowledge of accounting principles from Fundamentals of Accounting, providing a basic foundation of key financial accounting concepts and activities. Students engage in application assignments and discussions such as the recording, storing, and summarizing of economic events of the business enterprise to meet external reporting needs. Emphasis is placed on the preparation and analysis of financial statements and other financial reports provided to the public based on the accounting equation, accrual accounting concepts, and data gathering. (Prerequisite(s): ACCT 1004S.)