This course provides students with a fundamental understanding of U. S. Generally Accepted Accounting Principles (U. S. GAAP). Topics will cover financial statements, the accounting cycle, assets, current liabilities, long-term debt, and owner’s equity, balance sheet, income statement, statement of cash flow; accounting for proprietorships and corporations.
Kimmel, P.D., Weygandt, J.J. and Kieso, D.E. Financial Accounting International Student Version, Wiley, 7th edition