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Dec 21, 2024
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2014-2015 Official General Catalog [Archived Catalog]
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BUS 111 - Financial Accounting
A comprehensive introduction to financial accounting concepts and techniques intended to provide a basic understanding of the accounting cycle, elements of financial statements, and interpretations. Elements examined include the creation of financial statements, accounting as an information system, accrual concepts, merchandising operations, inventory, internal control, cash, receivables, long-lived assets, liabilities, stockholders’ equity, investments, cash flows, and financial analysis.
Credits: 4
Hours
4 Class Hours
Course Profile
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
1. Read and explain basic financial statements.
2. Analyze liquidity, debt-to-equity, and asset utilization.
3. Measure profit performance.
4. Extrapolate financial performance measures to project future results.
5. Compare an organization with other firms.
6. Report and analyze inventory, receivables, liabilities and stockholders equity.
7. Interpret income statements, balance sheets and statement of cash flow.
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