Accounting
Approved course information last updated: 2 years, 3 months ago
Pre-requisites: None
Requisite To: FIN 220 ACC 112 ACC 214
Lab Session:
The first of two courses that introduce the basic concepts, systems, terminology of financial accounting, and procedures for preparing financial statements, including problems of identification, measurement and disclosure of main elements of financial statements. Interpretation, analysis and use of information communicated through financial reports are emphasized.
- Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
- Identify the difference between accrual and cash basis accounting.
- Analyze and record business events in accordance with international financial reporting standards (ifrs)