Introduction to financial accounting, including the principles of double-entry accounting, balance sheets, income, and cash flow statements. Covers key financial ratios and their use for various analytical purposes, along with the elements of a financial plan or budget.
This course provides an introduction to financial accounting, standard financial reports, and basic financial analysis to support business decisions. The course includes coverage of ongoing operations accounting, financial modeling and forecasting, investment cost/benefits analysis, budgeting, and general business management accounting.
Student learning goals
Understand the basics of financial accounting.
Be able to formulate and describe the financial impact of business decisions.
Be able to present the rational and thought processes behind financial analysis
Understand the concepts that drive financial value of a business
Determine the impact of changes in operating processes on financial performance
Understand the basics of financial forecasting and financial data analysis
General method of instruction
Weekly classes will include a combination of instructor led presentations and discussion, student team presentations, and problem solving discussions. Each week will include readings from the online text book and research on topic assignments.
Some familiarity with business operations would be helpful, but not required. Students with experience in accounting and financial management will have opportunities to sharpen leadership skills in the class.
Class assignments and grading
Most assignments will involve teams. Most will be specific problems based on reading assignments. Teams will also be assigned an analysis of a company and its financial performance as a team project and for a final presentation.
Described on web site.