Financial Accounting

The course is an introduction to basic accounting principles that underlie the accounting model for measuring and communicating financial data about a business enterprise to external parties according to the main accounting concepts and principles. The course provides a structural background of accounting but also a widely spoken business language required not only by accountants but also by any student seeking a career in business.
Financial accounting is the basic means of recording and reporting financial information in a business. Using a practical approach, we will study the methods used by accountants to record and summarise the financial transactions of business operations. In addition, we will introduce and learn to prepare and analyse the three basic financial statements. We will learn how these are used by managers and investors for business decision making.