Financial Accounting and Reporting with SAP-9:30MWF

This course provides an introduction to accounting, within the context of business and business decisions. Students explore the role of accounting information in the decision-making process and learn how to use various types of accounting information found in financial statements and annual reports. This course starts with a discussion of accounting thought and the theoretical background of accounting and the accounting profession. The next topic is the accounting cycle- recording, handling and summarizing accounting data, including the preparation and presentation of financial statements for service companies. Following this is an introduction to accounting information systems-manual and computerized. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data. Also discussed are special journals, the voucher system and simple bank reconciliation.