Business | BUS A 201 Introduction to Financial Accounting
A201 | ALL | Staff


BUS A 201 Introduction to Financial Accounting (3 cr.) P: A100. A201 is an I-Core
prerequisite and required of all business majors. Provides balanced coverage of
the mechanics, measurement theory, and economic context of financial accounting.
Strikes a balance between a preparer's and a user's orientation, emphasizing that
students must understand both how transactions lead to financial statements (preparer's
orientation) and how one can infer transactions given a set of financial statements
(user's orientation). Relies on current, real-world examples taken from the popular
business press. First part of the course introduces students to the financial accounting
environment, financial statements, the accounting cycle, and the theoretical framework
of accounting measurement. Second part of the course covers the elements of financial
statements, emphasizing mechanics, measurement theory, and the economic environment.
Students cannot receive credit for both A201 and (A205 or A200).