BUS 115 Financial Accounting
This course is designed to introduce students to the field of financial accounting and provide them with a foundational understanding of financial accounting concepts from the perspectives of both internal and external users. A particular emphasis will be placed on GAAP accounting standards, the preparation of financial statements, and the application of accounting information for decision-making. Students will become familiar with financial statements such as the balance sheet, income statement, and statement of cash flows, as well as key accounting books and documents. They will also understand differences in accounting practices across various types of organizations and account for assets, liabilities, owners’ equity, revenues, expenses, and dividends.