111 Introduction to Financial Accounting 1

Accounting

Approved course information last updated: 2 years, 2 months ago

Pre-requisites: None

Requisite To: FIN 220 ACC 112 ACC 214

Lab Session:

Course Description

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.

Course Learning Objectives (CLOs)
  • 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)
Syllabus History
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