Principles of Accounting

1.5 Credits · Level: Graduate

This course provides an overview of the financial reporting process as well as an introduction to sustainability reporting. After completing the course, you should be able to: (1) understand the difference between cash-based and accrual-based accounting systems, (2) appreciate the interrelation between the balance sheet, income statement, statement of owners’ equity, and statement of cash flows, (3) prepare, read, and interpret basic financial statements (4) conduct basic financial statement analysis (5) understand the financial reporting regulatory environment in the US and globally (6) understand basic budgeting & cash flow management (7) understand transfer pricing & its tax implications The course objective is to facilitate an understanding of the financial reporting process (including the sustainability requirements) and the importance of financial reporting for well-functioning capital markets. The course prepares students for subsequent MSB courses that presume a basic understanding of how to use financial data. Interviewers for post-graduation positions in all functional areas assume familiarity with and a working knowledge of financial data and financial statements.