FINANCIAL REPORTING I

Prerequisites & course information

Requisites: ACCT I S 100 or ( ACCT I S 300 and declared in the Certificate in Accounting Fundamentals) Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Articulate the measurement and valuation methods of the financial statement elements, including fair value concepts. Audience: Undergraduate 2. Recognize that transactions are triggered by business purposes and that understanding the business purpose is important for the application of the Generally Accepted Accounting Principles (GAAP). Audience: Undergraduate 3. Identify and analyze fundamental economic events, conduct research, and apply relevant accounting standards to these events. Audience: Undergraduate 4. Demonstrate proper presentation and reporting of financial statement elements and transactions. Audience: Undergraduate 5. Demonstrate how financial statements effectively communicate the financial results of an economic entity, including the use of financial statements from the perspective of the users of the financial statements. Audience: Undergraduate Learning Outcomes: 1. Articulate the measurement and valuation methods of the financial statement elements, including fair value concepts. Audience: Undergraduate 2. Recognize that transactions are triggered by business purposes and that understanding the business purpose is important for the application of the Generally Accepted Accounting Principles (GAAP). Audience: Undergraduate 3. Identify and analyze fundamental economic events, conduct research, and apply relevant accounting standards to these events. Audience: Undergraduate 4. Demonstrate proper presentation and reporting of financial statement elements and transactions. Audience: Undergraduate 5. Demonstrate how financial statements effectively communicate the financial results of an economic entity, including the use of financial statements from the perspective of the users of the financial statements. Audience: Undergraduate