Dec 09, 2023
ACCT 210 - Introduction to Financial Accounting
Introduction to basic financial accounting concepts and procedures. Learn how to identify, record, and interpret the effects of economic events on financial statements for financing, investing, and operating decision-making.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Fall & Spring
Student Learning Outcomes - Upon successful completion of this course students will be able to:
- Identify the forms of business organizations and explain the three principal types of business activities;
- Name the four primary financial statements and illustrate their main components;
- List major assumptions and principles in financial reporting;
- Explain the accounting information system and demonstrate how it is used to record and report common business transactions;
- Prepare a classified balance sheet, calculate and compare liquidity and solvency ratios using financial reports of public companies;
- Prepare an income statement, calculate and compare profitability and efficiency ratios using financial reports of public companies;
- Illustrate how to record and report cash, receivables, long-lived assets, liabilities, and stockholders’ equity items and identify related potential unethical accounting practices;
- Describe basic differences between the U.S. generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).
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