Financial Accounting I Exam Preparation Guide
Course Introduction
Financial Accounting I introduces students to the fundamental principles and concepts of financial accounting, focusing on the preparation and analysis of financial statements in accordance with generally accepted accounting principles (GAAP). Topics covered include the accounting cycle, the recording and reporting of business transactions, adjustments, the preparation of income statements, balance sheets, and cash flow statements. Students will also examine issues related to revenue recognition, asset valuation, and internal controls. By the end of the course, students will have a comprehensive understanding of how financial information is generated, reported, and used by stakeholders in decision-making processes.
Recommended Textbook Fundamentals of Financial Accounting 6th Edition by Fred Phillips
Available Study Resources on Quizplus
0 Chapters
3032 Verified Questions
3032 Flashcards
Source URL: https://quizplus.com/study-set/2613 Page 2