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ACC 240 Principles of Financial Accounting

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The ACC 240 Principles of Financial Accounting course mainly introduces student about how to use and develop the financial information regarding economic organizations, with the main focus on the utilization of financial statements along with their creation in the business decision-making and reporting process.

After completion of the course curriculum, students should be competent to:

  • Explain an interpretation of the principles of accrual accounting.
  • Explain how fundamental business economic events impact the accounts and financial statements.
  • Deduce and examine the financial statements to help in decision making.
  • Make use of the accounting cycle to build up financial statements from business transactions.
  • Explain the aim of accounting and describe its role in business and society.

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