Principles of Financial Accounting

(4 Credits)

Develops students’ abilities to understand business transactions and financial statements and to determine the most appropriate financial measures for these events. Investigates the underlying rationale for accounting practices and assesses their effectiveness in providing useful information for decision making. Emphasis is placed on accounting practices that purport to portray corporate financial position, operating results, cash flows, manager performance, and financial strength. Prerequisite: Not open to first-semester students. Fulfillment: This course satisfies BUSF/BUSM Major core /Business Accounting track; IMB Business required Foundation /elective; Data Science concentration in Finance/Marketing. It can count for the CAS Business Studies Minor.