Skip to content Skip to footer site map

ACCT 5001

This course introduces students to the financial statements of an organization and the accounting system that produces them. After completing this course, students will be able to prepare and analyze a set of basic financial statements.. The course will begin by examining the accounting cycle of a business entity and how financial transactions are processed through the accounting information system each accounting period. Special issues regarding balance sheet components are reviewed in detail, including: internal control and cash, receivables, capital assets, short-and long-term liabilities, bonds and investments.