Financial Accounting

The purpose of this course is to provide students with an understanding of financial statements issued by for-profit companies to external parties, such as shareholders, creditors, and the SEC. To achieve this purpose, the course will: 1) Discuss the purpose of each of the financial statements 2) Provide tools to students enabling them to learn the process by which management and accountants recognize the financial effect of transactions and events on a business 3) Assist the student in developing skills that can be used in analyzing financial information provided by companies 4) Examine major accounting policies and their financial statement implications.