Financial Accounting, Spring 2011
Description
Accounting is the language of business! This course introduces students to business bookkeeping at its most basic level: the accounting for and the recording of detailed business transactions. We will cover established accounting concepts and procedures, the debits and credits or business transactions, the accounting cycle, the control of cash, and payroll, sales, purchases and other important accounting procedures. Students will come to understand and appreciate these critical atomic-level concepts through classroom lecture, discussion and practice-sets. This elective course prepares Management, Economics, and Finance majors for the ability to understand, very deeply, the underpinnings of financial reports, such as balance sheets, income statements, and complex financial-analysis documents. With this in-depth knowledge, one can better employ such reporting to pilot favorable conclusions and recognize when they are being piloted.