Financial Accounting

This is a foundational course designed to provide students with a comprehensive understanding of the principles, concepts, and practices of accounting. The course introduces the accounting cycle, from recording financial transactions to preparing and interpreting financial statements. Students will learn how to analyze business activities, maintain accurate financial records, and understand the role of accounting in decision-making and financial reporting.

Key topics include the accounting equation, journal entries, ledgers, trial balances, income statements, balance sheets, cash flow statements, and the application of generally accepted accounting principles (GAAP) or relevant accounting standards. Through practical exercises and real-world examples, students develop the skills necessary to prepare and evaluate financial information used by managers, investors, and other stakeholders.

By the end of the course, students will be able to confidently interpret financial data, apply accounting principles in various business contexts, and understand how financial reporting supports effective organizational management.

Learning Outcomes:

  • Understand the basic principles and objectives of financial accounting.

  • Record, classify, and summarize financial transactions accurately.

  • Prepare key financial statements and interpret their significance.

  • Apply accounting standards in recording and reporting business activities.

  • Analyze financial information for informed decision-making.