An introduction to accounting information systems and financial reports, including accounting concepts, analysis and interpretation of financial reports with an emphasis on the operating activities of aviation related businesses. It is an elective course in all degree programs permitting open electives. The student will learn how to use basic accounting information and financial reports in business decision making, incorporating the operating, financing, and investing activities of a business.
Objectives Explain how accounting is the system that produces information for business decisions.
Demonstrate the ability to determine how financial transactions affect the financial reports. Classify financial transactions as operating, investing, and financing activities. Discuss the purpose, form, and content of financial statements through written and verbal communications emphasizing issues dealing with ethics and values. Satisfactory progress and understanding is contingent upon adequate preparation prior to each class meeting. The instructor reserves the right to make any changes to the course content, assignments, due dates and exam dates with notice.