ORG3200 Financial Accounting
Educational Level: Upper undergraduate, Bachelor
Credit Hours: 3 Credits
Instructor: Dr. Melinda Whitman
Students focus on analyzing the asset side of a businesss balance sheet: cash, accounts receivable, inventory, and intangibles, among others. Students will learn generally accepted accounting principles (GAAP) that apply to the formatting and presentation of financial statements. Additional topics will include revenue and expense recognition. By the end of the course, the student will be able to read and interpret the three most common types of financial statements: income, balance sheets, and cash flow.
How This Course Benefits Students:
This course will provide students with the necessary skills to read basic financial statements. Additionally, students will be exposed to the applicable GAAP in the financial management of a business and learn how to determine what constitutes a business asset.
Why This Course Is Important:
This course will provide students with a foundational understanding of financial accounting terms and procedures. Students will use this knowledge as they take later courses of ORG4000 Corporate Finance, and FFI5000 Introduction to Financial Risk Management. Emphasis will be placed on practical skills in preparing financial statements and being conversant in GAAP.