Examines the development of financial statements, the objectives and purpose of financial statements, including the underlying methods, concepts, principles and measurement theories. Emphasises the preparation, analysis and use of these statements to make operating, financial and investment decisions.
Topics include understanding the operating cycle, receivables, inventories, plant and equipment,
intangibles assets, liabilities, bonds, ownership and stockholders’ equity. Special topics include the
mathematics of present value theory, calculations and applications.
This course provides an introduction to financial accounting as the “language of business.” It
emphasizes the analysis and evaluation of accounting information from the perspective of both
investors and managers in the processes of planning, decision-making, and control. The objective
of the course is to provide an overview of financial accounting and external reporting, including the
basic accounting concepts and principles, as well as the structure of the income statement, balance
sheet, and statement of cash flows. The course covers the accounting for and the analysis of the
most common and significant business transactions of a firm, such as credit sales, delivery of
products and services, manufacturing processes and procurement, creation of operating
infrastructure, including production facilities, intellectual property, and goodwill, debt and equity
financing, as well as other (potential) obligations towards customers, suppliers, or tax authorities.
At the completion of the course, the student will be able to:
55% – Classwork (review questions, homework, essay, and other related activities)
5% – Merits
40% – Final Exam