Business | A 201 Introduction to Financial Accounting
A201 | 1459 | Staff
A 201 Introduction to Financial Accounting (3 cr.) P: A 100. 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 A200 and A201.