ACCT202 - Financial/Managerial Acct for Non-Majors

Description:
This course is an introduction to financial and managerial accounting. It is designed for non-accounting majors. Financial accounting emphasizes how general purpose financial statements communicate information about the business's performance and position for users external to management. It emphasizes how the accountant processes and presents the information. The course also examines the major elements of the financial statements. The managerial accounting portion of the course studies internal reporting and decision-making. The course assists those who wish to learn "what the numbers mean" in a clear, concise and conceptual manner without focusing on the mechanical aspects of the accounting process.

Outcomes:

• Explain the information reported in each financial statement
• Analyze financial information to make decisions using critical thinking skills
• Analyze the needs of the various users of accounting data
• Evaluate financial results using ratio analysis and other decision support tools

Required Text(s):

• Edmonds, T., Edmonds. C., Olds, P., McNair, F., & Tsay, B. (2024). Survey of accounting (7th ed.). McGraw-Hill Education. ISBN: 9781266443565