What is meant by a virtual lecture along with the rationale for using the approach is fully explained here . The course focuses on financial accounting, which provides financial information primarily for decision-makers outside the entity. The course concentrates on the application of accounting theory, standards, principles, and procedures to accounting problems. The fundamental rationale for the various aspects of financial accounting are stressed.
Students acquire a basic knowledge of the language of business.
To teach students to apply accounting theory, standards, principles and procedures to practical accounting problems in the elementary topical areas covered in the course. To teach students the fundamental rationale for the various financial accounting procedures introduced in the course. To introduce students to the American Institute of CPA's Code of Professional Ethics. 5. To introduce students to the accounting environment through the use of the text, multimedia presentations and the Internet. To require students to more fully develop their critical thinking skills.