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Introduction to Financial Accounting

ECON 127
Fall 2015
Section: 01  
Crosslisting: CSPL 127
Certificates: International Relations

In this course, students learn how accountants define assets, liabilities, revenues, and expenses and where those items are placed in firms' balance sheets and income statements. The purposes and limitations of these two financial statements as well as the statement of cash flows are considered. Students gain an understanding of the accounting numbers that appear in financial statements for inventories, depreciation, and leases; the choices given to firms in their reporting of those items; and how the use of different accounting methods for similar economic events creates challenges for analysts. Instances of questionable financial reporting and strategies that can aid in their discovery are addressed. Firms' filings of financial statements and note disclosures with the SEC are examined throughout the course.
Credit: 1 Gen Ed Area Dept: SBS ECON
Course Format: Lecture / DiscussionGrading Mode: Graded
Level: UGRD Prerequisites: ECON101 OR ECON110
Fulfills a Major Requirement for: None
Past Enrollment Probability: 50% - 74%

Last Updated on JUN-15-2024
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