BUSINESS 181 - Financial Accounting

Institution:

City Colleges of Chicago-Wilbur Wright College

Subject:

Description:

This course presents accounting as an information system that produces summary financial statements, primarily for users external to a business or other enterprise. Students study the forms of business organization and the common transactions entered into by businesses. The emphasis is on understanding and applying basic accounting principles and other concepts that guide the reporting of the effects of transactions and other economic events on the financial condition and operating results of a business. How to analyse and interpret historical financial statements as well, and the limitations of using these in making forward-looking business decisions are included. The primary content emphasis will be accounting for current assets and liabilities, long-term assets and liabilities, corporations, cash flow statements and financial statement analysis. Writing assignments, as appropriate to the discipline, are part of the course. Prerequisite: Business 100 or Business 111 or Business 141 or Mathematics 098 or higher; or concurrent enrollment in Business 141; or Placement Test; or Consent of Department Chairperson (IAI code: BUS 903) 200 minutes per week. 4 credit hours.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

ccc.edu/colleges/wright/pages/default.aspx

Phone Number:

(773) 777-7900

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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