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Introduction to Financial Accounting
ECON 127
Spring 2019
Section: 01  
Crosslisting: CSPL 127

In this course, no prior accounting knowledge is required or assumed. Students learn how accountants define assets, liabilities, revenues, and expenses and where those items appear 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 choices allowed to firms for reporting to stockholders and creditors and learn 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. Later assignments focus on ratio analysis of actual firms' financial statements, including techniques to identify firms in financial trouble.
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: 75% - 89%

Last Updated on JUL-23-2024
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