In this course, students will learn the accounting process and use of accounting information in business decisions. It will provide students with a thorough understanding of the theoretical foundations underlying financial reporting, revenue recognition, and the matching of expenses; financial statement presentation; and accounting for assets. The course's primary objective is to give students the tools necessary to understand and execute appropriate accounting procedures.
Students must understand both how transactions lead to financial statements and to determine and evaluate the outcomes of that process from the perspectives of managers, shareholders, auditors, and others.
After finishing this course students should be able to:
1. Use and understand accounting vocabulary
2. Apply accounting concepts and principles
3. Use the accounting equation
4. Analyse business transactions
5. Complete the accounting process
6. Prepare the financial statements
-Ability to work individually