This course provides an introduction to the fundamentals of accounting principles and practices. The focus is on preparation and understanding of financial statements, including their role in decision making by both external and internal users.

Introduces the basic financial accounting concepts, principles, and practices applied to the preparation and interpretation of the major financial statements. Included is complete coverage of the accounting cycle which is designed to satisfy the information requirements of external decision makers. Topics covered are asset valuation, liability measurement, income determination and equity activities. Integrated throughout is a discussion of ethical issues and considerations.