Course Detail (Course Description By Faculty)

This course provides an introduction to financial statements and the financial reporting process from a user's perspective. The focus of the course is on fundamental accounting concepts and principles. Students learn how the economic transactions of a firm are reported in the financial statements and related disclosures. The objective of the course is to provide students with basic skills necessary to read and analyze financial statements as well as to prepare students for more advanced financial statement analysis courses.

Classes combine interactive lectures and discussions about financial accounting concepts and practice. A number of cases involving corporate financial statements are used to illustrate accounting concepts and to explore disclosure strategies of companies. Students are expected to complete assigned problems, readings, and cases in preparation for each class.

Textbook: You are required to use the 7th Edition of Financial Accounting by Hanlon, Magee, and Pfeiffer, published by Cambridge Business Publishers. The book and course access can be purchased by following the link: https://mybusinesscourse.com/book/fa7e?purchase, and choosing one of the options. You can also use the enrollment link below and get a 14-day temporary access to the textbook and MyBusinessCourse (you can update the access code once they receive it without losing your registration). 

MyBusinessCourse Information: To access the course, you can choose the following options:

1. Enter the access code that comes with a printed textbook (locate your access code inside the textbook or if you purchased eBook check your email). If your book has not arrived yet, you can click on the course link below and get 14-day temporary access.

2. Purchase eBook with Course Access. Access to myBusinessCourse is free with the purchase of eBook. Note: Do NOT select “Course access only option in the bottom”

See syllabus for additional information.