This course introduces the basic concepts and methods used in thepreparation of the four corporate financial statements (the balancesheet, income statement, statement of cash flows, and statement ofstockholders' equity). In this process, the course will also develop theaccounting treatment of specific items such as long-term assets,inventory, sales, receivables, and debt securities. The course will useactual corporate financial statements of Fortune 500 companies and willprovide students the tools necessary to understand such statements aswell as some of the basic footnote disclosures associated with suchstatements.Students who have substantial background in financial accounting or whohave taken classes in financial accounting are ineligible to take orreceive credit for this course for a grade. However, students who tookonly an introductory class in financial accounting a significant amountof time ago may request permission from the instructor to take thecourse for a grade.
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