Program Description:
This AIB course provides exactly the right balance
between conceptual understanding and technical
application and analysis of accounting issues.
Financial Accounting is designed to ensure students’
success, provide a strong real-world emphasis,
integrate performance measurement, and emphasize
technology. The course teaches students the
information needed to create and understand
financial statements such as trial balances, balance
sheets, and income statements. It focuses on how to
measure business transactions, business income, and
the fine points of financial reporting and analysis. The
course explores internal controls, short-term liquid
assets, currently liabilities and the time value of
money, and much more.
After successfully completing this course, the student will be able to:
- Apply the fundamental principles of accounting
and understand the role accounting plays in the
operations of a business
- Use basic business and accounting terminology and techniques to succeed in a business environment
- Identify the users of accounting information and explain the kinds of information an accounting information system can provide each group
- Prepare a complete set of accounting statements, including an income statement, a statement of retained earnings, a balance sheet, and a statement of cash flows
- Employ ratio analysis and other techniques to analyze, evaluate, and interpret a set of financial statements
- Solve business problems and make business decisions using accounting and non-accounting information
Who Should Attend:
Personnel requiring a fundamental knowledge of
accounting necessary for critical decision-making.
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