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BAAC 550 Foundations in Accounting I

This module is divided into three components. You will learn more detailed analysis of the Balance Sheet and Income Statement. In the second component you will learn about how to compile a cash flow statement and what information can be derived. In the third component you will cover some aspects of Managerial Accounting.  At a minimum, managers need to understand the information contained in the financial statements to understand how others are viewing and assessing their actions. At an intuitive level we know that the reporting of financial statement information leads to economic consequences to the firm and to its management. Managers need to be aware of these consequences and be able to anticipate them when making business decisions.

This component will assist students in how to use the financial information contained in financial statements to make better decisions. The emphasis will be on interpreting the financial statements as opposed to how to prepare them.

At the end of this mini-module, students will be able to read and interpret the information contained in financial statements as well as have good grasp of basic Managerial Accounting concepts. They will also be able to have a better understanding of articles related to the financial performance and condition of organizations.

Instructor Biography - Mary Chong

Course Outline - Class of 2019 (updated Aug 10, 2017) - Section 001
Course Outline - Class of 2019 (updated Aug 10, 2017) - Section 002

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