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ACC-6040 Fundamentals of Accounting I

This course presents a comprehensive study of the theory and practice of financial accounting and explains the role of generally accepted accounting principles (GAAP) and Financial Accounting Standards Board (FASB) and their impact on financial statement presentation. Students will demonstrate how financial transactions from the beginning of the business cycle to closing entries affect the health and condition of an entity as well as identifying and proposing corrections to the financial statements. Finally, students will interpret financial results of an entity through applying financial ratios and evaluating management's financial disclosures.

Advisory: Working knowledge of Microsoft Excel is required.

Credits: 3

Offered in Jan 2024, Jul 2024, Jan 2025

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