- Course Description
This course is designed to provide students with the elementary foundations of basic accounting theory. The focus will apply the basic objectives, principles and procedures of accountancy in the preparation, analysis, interpretation, communication and reporting of general-purpose financial statements. The first part of the course is a general introduction of financial accounting information, financial accounting rules, and the four financial statements. The second part of the course focuses on financial accounting cycle (from journalizing business transactions to financial statements preparation and closing accounts). The third part of the course introduces the accounting of each part of the balance sheet (current assets, long-term assets, liabilities, and equities) in detail.