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BA 211 - Principles of Accounting: Financial


Presents financial accounting concepts and the use of accounting information in decision making. Includes an overview of the accounting cycle. Course Outcomes: 1. Use the accounting cycle to develop financial statements from business transactions. 2. Analyze basic business economic events to determine their effect on accounts and financial statements. 3. Interpret and analyze financial statements to aid in decision making. 4. Demonstrate a basic understanding of the principles of internal control and apply them to relatively straight-forward situations to identify strengths and weaknesses. 5. Interpret and analyze accrual and cash flow information presented in accounts. 6. Analyze issues relating to inventory, receivables, long-lived assets, liabilities and stockholder’s equity and recommend appropriate accounting treatment. 7. Describe basic generally-accepted accounting principles.

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