Introductory Accounting

3.00 credits · Undergraduate

Introduction to financial accounting, professional ethics in accounting, and consideration of the stakeholders of the organization and how financial reporting supports their decision-making. Accounting Standards for Private Enterprises related to revenue, expenses, assets, liabilities, and equity. Recording of business transactions, adjusting entries, and preparation of the primary financial statements. Calculation and interpretation of key financial ratios for liquidity, solvency, and profitability, as well as analysis of cash flows are also covered.