This course is an introduction to the theory and practice of accounting. Topics covered during the semester will include the balance sheet, income statement, cash flows, and decision making. In addition, analysis and interpretation of financial statements will be covered in a preliminary way, along with the basic concepts underlying financial reporting. The information provided in this course will serve as the foundation for further study of accounting and other related business topics by the student who may pursue a career in public accounting, private industry or any other field of business. Information presented in this course is also needed for other courses in the School of Business Administration.
Explanatory lectures prepare students to complete assignments, which are reviewed in class.
This course involves a substantial study commitment from students. Students must attend class and complete all assignments on a timely basis. Students should keep up to date with the class throughout the semester. Text reading assignments are to be completed before the class in which the material is introduced. Participation in class discussion and problem solving exercises is expected .