ACC203INTRODUCTION TO FINANCIAL ACCOUNTING

Introduction to Financial Accounting provides a comprehensive overview of the principles, concepts, and standards used in preparing financial statements. The course emphasizes the accounting cycle, including journal entries, ledgers, trial balances, and the preparation of income statements, balance sheets, and cash flow statements. Students will develop a clear understanding of how financial data is collected, processed, and presented to support decision-making in organizations.

Through practical exercises and real-world scenarios, learners will build foundational skills in recording business transactions, analyzing financial reports, and ensuring compliance with generally accepted accounting principles (GAAP). This course lays the groundwork for further studies in accounting and finance and is ideal for students seeking to understand the language of business and the critical role of accurate financial reporting in any enterprise.