Introduction to Accounting

(3 Credit Hours) · Undergraduate

This module deals with the construction and interpretation of five key financial statements. The initial focus will be on three of these statements the Statement of Financial Position, the Income Statement, and the Cash Flow Statement. Later in the module, the two remaining statements, which have been introduced relatively recently, will be considered. These are the Statement of Comprehensive Income and the Statement of Changes in Equity. Throughout the module, underlying theoretical concepts related to matching, income measurement and asset valuation will be explored in detail and the principles of sound financial management will be developed as the course proceeds.