This course focuses on principles of accounting for the non-accounting student. Emphasis will be placed on the accounting equation and transactions, financial statement preparation and analysis, internal controls, regulatory environment, compliance, and global business implications.
Describe the relationship between financial statements and the supplemental components comprised in an annual report.
Explain how the accounting equation affects financial statment components.
Determine the effects of transactions on the accounting equation.
Differentiate between accrual and cash accounting.
Prepare financial statements.
Prepare adjusting entries.
Financial Statement Analysis
Conduct a basic financial statement analysis.
Evaluate the effects of unusual or irregular items on financial statements.
Internal Control and Cash
Identify the principles of internal control.
Prepare bank reconciliations and adjusting entries.
Global Business Financial Environment
Explain why corporations invest in stocks and debt securities.
Describe how debt and stock investments are reported in financial statements.
Analyze consolidated financial statements to make business decisions in a global business environment.
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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.