Introduction to Financial Accounting

In the business environment, accounting and financial information are essential for internal and external decision-making. Therefore, understanding the basics of accounting and financial statements are important for every business graduate. This course provides an introduction to the fundamental principles and concepts of accounting with an emphasis on decision-makers’ objectives and use of financial information. Key concepts explored include accounting principles and standards, the complete accounting cycle, recording and reporting business transactions, and preparing and analyzing financial statements.Learners are recommended to complete the Business Math Skills Self-Assessment https://bowvalleycollege.ca/schools/chiu-school-of-business/MSA prior to taking this course.Note: Learners with prior credit in ACCT1101 and ACCT1102 cannot take ACCT1103.