Introduction to Financial Accounting, Group A

After introducing the purposes of financial accounting, this course imparts the elemental skill of double-entry book-keeping. On this basis, fundamental principles and theories of financial accounting and reporting are discussed. The focus of the remainder of the course is on the preparation and interpretation of the basic financial statements: balance sheet, income statement, and cash flow statement. Finally, the notes to the financial statements and other disclosure instruments are introduced. The course teaches the legal requirementsfollowing theInternational Financial Reporting Standards (IFRS).

Double-entry book-keeping, financial accounting theory