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Thunder Bay • Orillia

Type B: Social Sciences - Financial Accounting

Business 1012 Financial Accounting
An introduction to the role of financial reporting that is used by entities to communicate accounting information to external users. Students will explore the purposes, objectives, concepts and processes of financial reporting. Emphasis is placed on the usefulness of financial reporting for the purposes of financial analysis and decision-making by the external users. Key topics include the accounting cycle, cash versus accrual accounting, asset and liability recognition and measurement, and revenue recognition.
Credit Weight: 0.5
Offering: 0-0; 3-0
Course Classifications: Type B: Social Sciences