MBAO 420 Financial Reporting & Analysis
This is an introductory course in financial reporting which focuses on the vocabulary and fundamental concepts of generally accepted accounting principles (GAAP). This course is the basis for other required and elective accounting courses as well as a foundation for other business courses. Accounting is often called the "language of business." Managers must appreciate the assumptions and complexities that underlie accounting information so they can make good, ethical business decisions and communicate financial information to others. As the intricacies of financial reporting increase, managers who develop financial statement literacy will find themselves in possession of an increasingly valuable business tool. Financial accounting information is not only used as a basis for decision-making by management; it is also used by those outside an organization, such as lenders, investors, and regulatory agencies.