Accounting is the language used to measure and communicate a firm's economic activity. A solid understanding of this language is important for being an informed consumer and/or producer of financial statements. It requires us to consider how financial reporting information can be utilized, which, in turn, requires us to learn how corporate financial reports are prepared. This course is an introduction to corporate financial statements, as well as the accounting principles and procedures by which those statements are constructed. The course prepares students for more advanced finance and financial statement analysis courses. By the end of the course, you should have a basic understanding of (1) the fundamental concepts underlying financial reporting systems; (2) the role of judgments and estimates in the preparation of financial reports; (3) and how to read, analyze and interpret them.
Pre-accounting MBA Canvas course is strongly recommended for those with little/no accounting background. Cannot enroll in BUSN 30000 if BUSN 20100 taken previously.
Lecture notes, optional videos, self-study problems and other course materials are available on Canvas. Textbook is available for purchase but is not required.
No pass/fail grades, no provisional grades, and no early final grades.
- Mandatory attendance week 1
- No pass/fail grades
- No auditors
Description and/or course criteria last updated: September 09 2024
