HSBA 140

Principles of Accounting

This course is an introduction to the basic concepts and standards underlying financial accounting systems, and is intended for students with no previous exposure to financial accounting. Concepts are studied from a decision-making perspective. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long-term liabilities. The course emphasizes the construction of the basic financial accounting statements, the income statement, balance, and cash flow statement, as well as their interpretation

Units: 3.0