Financial Accounting Practices

Description

This course builds on the concepts and skills learned in introductory accounting and prepares the student for the more conceptual approach required for Intermediate Accounting. Students learn to apply the accounting framework, and further develop skills for recording transactions and events, and analyzing financial statements. Topics include revenue recognition, long-term liabilities, partnership accounting, shareholders’ equity, investments, and the cash flow statement. Prerequisite(s): ACCT 2121