Principles of Accounting

3 Credits · Level: Undergraduate

This course will introduce students to the fundamental concepts of accounting. Students will learn topics including generally accepted accounting principles, financial statements, the recording process, account adjustments, the accounting cycle, accounting for assets, liabilities and equity, and financial analysis. Additionally, topics on data integrity and ethical behavior are explored to address faithful communication of financial information. The course will provide students with a practical understanding of common practices to account for business transactions and the ability to produce a basic set of financial statements that include a balance sheet, income statement, cash flow statement and a statement of stockholders’ equity. Students will apply the concepts learned to analyze financial data and relationships, from which they will construct its meaning, such as the financial health of a company.