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1A DescriptionAccounting is too important to managers, organizations, and societies to be left to accountants alone. Accounting information is often a basis for decisions. Accounting reports are often the basis on which the effectiveness of stewardship decisions, and actions are evaluated.
This introductory financial accounting course provides instruction in the theory and practice of accounting applicable to the recording, summarizing, and reporting of business transactions for external reporting and other external uses. Subject matter includes coverage of asset valuation, revenue and expense recognition, and appropriate accounting for asset, liability, and capital accounts. This course will be essential and useful “business language” for all business majors and anyone who is engaged in any type of business activities.
The primary objective of this course is to develop students’ ability to understand and use accounting information effectively in making economic decisions. (Analyzing and communication accounting information that is useful for decision-making)
This course will be a combination of lecture, discussion, group work and projects.
In order to be successful in this course you must be able to read well for content and interpretation, and apply basic concepts to different situations. Part of the intent of this course is to help you improve your skills in these areas.
Course Materials:
- Required Textbook: Accounting, 20th Edition, Warren, Reeve, & Fess, Southwestern.
- Access to a computer with Internet connection for online portions of class activities.
- Other supplemental materials, such as Personal WebTutor, Personal Trainer, Study Guide or Working Papers can be helpful depending on individual learning style or preference.
Required Reading: Wall Street Journal, Business Week, or other business journals/papers
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