ACC204INTRODUCTION TO FINANCIAL ACCOUNTING

ACC204 introduces students to the fundamental principles and frameworks of financial accounting, focusing on the accurate recording, classification, and reporting of business transactions. The course guides students through the complete accounting cycle—from the initial journal entry to the preparation of essential financial statements including the income statement, balance sheet, and cash flow statement. Emphasis is placed on understanding double-entry bookkeeping, accrual accounting, and the application of Generally Accepted Accounting Principles (GAAP).

Students will engage with real-life business scenarios and problem-solving exercises to develop practical accounting skills applicable across industries. By the end of the course, learners will be equipped to interpret and prepare basic financial reports, laying a strong foundation for more advanced studies in accounting, finance, or business management. ACC204 is essential for students pursuing careers in finance, auditing, or entrepreneurship.