BUS103: Introduction to Financial Accounting
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Discover the comprehensive world of financial accounting with our focused course. Learn about the accounting environment, decision-making, and theory, as well as recording business transactions and adjustments for financial reporting. Dive into completing the accounting cycle, financial statement analysis, and measuring inventory. Explore receivables, payables, property, plant, and equipment accounting. Gain insights into long-term liabilities, stockholders’ equity, and the statement of cash flows. Enhance your knowledge with our study guides. Start your journey towards mastering accounting today!
There are a number of sub-disciplines that fall under the umbrella of accounting, but this course will focus on financial accounting.
Accounting as a business discipline can be viewed as a system of compiled data.
Data should not be confused with information.
In accounting, data is the raw transactions or business activity that happens within any business entity.
For example, if someone uses $30,000 of their savings to start a business, that is a point of data.
Now that you have this data, what are you going to do with it? Of course, the answer is accounting!.
Unit 1: Accounting Environment, Decision-Making, and Theory
Unit 2: Recording Business Transactions
Unit 3: Adjustments for Financial Reporting
Unit 4: Completing the Accounting Cycle
Unit 5: Financial Reporting and Financial Statement Analysis
Unit 6: Accounting for Inventory – Measuring and Reporting
Unit 7: Receivables and Payables Identified
Unit 8: Accounting for Property, Plant, and Equipment
Unit 9: Long-Term Liabilities and Stockholders’ Equity
Unit 10: Statement of Cash Flows
Study Guides
