ACCT-201 — Financial Accounting
This course presents accounting as an information system that produces summary fi nancial statements, primarily for users external to a business or other enterprise. Students study the forms of business organization and the common transactions entered into by businesses. The emphasis is on understanding and applying basic accounting principles and other concepts that guide the reporting of the eff ect of transactions and other economic events on the fi nancial condition and operating results of a business. Students analyze and interpret historical fi nancial statements, as well as, formulate policies for future business decisions. The primary content emphasis will be accounting for current assets and liabilities, long-term assets and liabilities, fl ow statements, and fi nancial statement analysis.