Basic Accounting

Accounting has a crucial role in providing reliable information to current and potential investors, creditors, policymakers, and regulators regarding a company’s financial situation. That information will help those parties allocating resources in society in an efficient way. This course provides students with an introduction to financial accounting for understanding the accounting process and outcomes. This course is necessary for providing students with the foundation for advanced courses in financial accounting. Students will be introduced to the accounting equation, accounting process, and accounting cycle for a service and merchandising business and financial statements, among others.