|This course provides an introduction to financial statements and the financial reporting process from a user's perspective. The course focuses on fundamental accounting concepts and principles and students will learn how the economic transactions of a firm are reported in the financial statements and related disclosures. The objective of the course is to provide students with the skills necessary to read and analyze financial statements and to prepare students for more advanced financial statement analysis courses.
Classes consist of interactive lectures and discussions about financial accounting concepts and practice. Short cases involving corporate financial statements will be used to illustrate accounting concepts and to explore disclosure strategies of firms. Students are expected to complete assigned problems, readings, and short cases in preparation for each class.
|Weil, Schipper, and Francis, Financial Accounting: An Introduction to Concepts, Methods and Uses, (14th Edition), Thomson South-Western Publishers, 2012.|
|Based on a mid-term and final examination, individual assignments, and class participation. Cannot be taken pass/fail. No auditors.|
Description and/or course criteria last updated: 01/09/2013
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