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


BUS 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.