This course provides an in-depth study of financial accounting principles and techniques for preparing financial statements. Students will examine the environmental and theoretical foundations of financial accounting, including generally accepted accounting principles (GAAP) and the conceptual framework. Topics include revenue recognition, cash and receivables management, inventory methods and valuation, and property, plant, and equipment acquisition and disposal. Emphasis is placed on analyzing accounting transactions and preparing the balance sheet, income statement, statement of comprehensive income, and statement of cash flows.
Prerequisites
Semester Offered
Fall