2021-2022 Undergraduate Academic Catalog

CMGMT 2455 Financial Accounting

Students learn the basic concepts needed to analyze the financial status of an organization, and learn to use financial analysis for managerial decisions. Through step-by-step procedures, students learn how to develop and use basic accounting tools starting with the creation of balance sheets and income statements to the completion of other accounting records to form a complete accounting system. Other topics covered are revenues and monetary assets, inventories and cost of sales, depreciation, working capital, consolidated statements, and useful ratios for financial analysis. (Class – 3 hours, Lab – 1 hour, Course hours – 4; Credit – 3 credits.) The lab component is 25% of the course grade and attendance is required. The lab is scheduled on a day that is different from the days that the class meets.

Credits

3

Prerequisite

CMATH 1590 or CMGMT 1590, CMGMT 1451