INTRODUCTION TO FINANCIAL ACCOUNTING (2 SCU)

Learning Outcomes

Explain the basic principles of accounting and the basic steps in the accounting processes; Define necessary posting in specific business transactions; Describe the four financial statements and how they are prepared; Explain the required steps in the accounting cycle and required internal control principles.

Topics

The course provides students with knowledge of fundamental financial accounting and the preparation of financial statements for external decision-makers, such as stockholders, suppliers, banks, and government agencies.