Business | Introduction to Financial Accounting
A201 | 4835 | A. Astil

A201 Introduction to Financial Accounting (3 cr.)
P: A100. (A201 may be taken concurrently with A100 during the
sophomore year.)SEE UPDATE 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) as
well as 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 A200.