BUSI 501 - Fundamentals of Financial Accounting

This course focuses on the accumulation and presentation of relevant financial information of an organization to serve the needs of investors, creditors, and other external decision makers.  Topics covered include the double-entry accounting system, preparation of the income statement, balance sheet and statement of cash flows, and accounting for significant transactions of an organization involving cash, receivables, investments, inventories, long-term fixed assets, long-term debt, and stockholders’ equity. This course is designed to meet foundational requirements, and may not be counted as an elective credit toward graduation requirements.