BUS 001A FINANCIAL ACCOUNTING

Syllibus Addendum Student Learning Outcomes BUS 001A FINANCIAL ACCOUNTING Upon successful completion of this course, s...

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Syllibus Addendum

Student Learning Outcomes BUS 001A FINANCIAL ACCOUNTING

Upon successful completion of this course, students will be able to:

1 Prepare and analyze financial statements that meet the needs of service shareholders, creditors, investors, managers, regulatory agencies, service and merchandizing businesses. 2 Compare and contrast the various financial reporting requirements for different business entities using appropriate accounting vocabulary. 3 Analyze financial transactions and accurately record business transactions with a focus on the accounting cycle and the application of Generally Accepted Accounting Principles (GAAP).

4 Identify and illustrate how the principles of internal controls are used to manage and control the firm's resources and minimize risk. 5 Identify and illustrate issues relating to current assets, liabilities, and owners' equity.

Created Fall 2016