Course Details

Introduction to Accounting and Financial Statements

This course introduces the language and techniques used to evaluate company performance. The first half of the course provides an introduction to financial statements. Financial statements are often referred to as the "language of business," because they are the primary method of communicating financial information to parties outside an organization. We will analyze several sets of real-world financial statements and learn how to interpret the various numbers included within them. The second half of the course provides an introduction to managerial accounting and time value of money. Managerial accounting encompasses techniques used to analyze financial information within a company. We will learn how to determine a product's cost and the number of units of a product that a company needs to sell to break even or to meet certain profit targets. Finally, we will discuss time value of money and learn how to calculate present values and futures. Time value of money is an important topic underlying valuation of assets, including intellectual property. Note that this course provides introductory overviews of a number of important business topics, and, as such, is intended for students who have not taken prior coursework in accounting or finance.

Catalog Number: BUSCOM 975-0
Additional Course Information: MSL students only


Course History

Fall 2017
Title: Introduction to Accounting and Financial Statements
Faculty: Finn, Mark W.
Section: 1     Credits: 1.5
Capacity: 50     Actual: 21

Fall 2016
Title: Introduction to Accounting and Financial Statements
Faculty: Mercer, Maureen Ann
Mercer, Molly (courses | profile)
Section: 1     Credits: 1.0
Capacity: 40     Actual: 22

Fall 2015
Title: Introduction to Accounting and Financial Statements
Faculty: Mercer, Maureen Ann
Mercer, Molly (courses | profile)
Section: 1     Credits: 1.0
Capacity: 24     Actual: 14