Pre-requisite – None | Credit 3(3-0-6)
Course description:
Basic concepts and principles of financial accounting. Students will learn how to record financial transactions, create T-accounts, and journal entries. The topics of revenue recognition, inventory, long-term assets, present value, and long-term liabilities will all be studied. The course places a strong emphasis on the creation and analysis of the three fundamental financial accounting statements: the income statement (financial performance), the balance sheet (financial position), and the cash flow statement. Moreover, students will also learn how to adjust accounts, and recognize and adjust depreciation and amortization
for the business.
Course learning outcome (CLOs):
- Explain the concepts of accounting in business.
- Develop skills to analyze financial statements, including balance sheets, income statements, and cash flow statements, to determine financial performance and position of a business.
- Calculate depreciation and amortization for adjusting trial balance statement.
- Apply financial accounting methods and instruments to track transactions, create financial reports to make business decisions on financial information.
- Teacher: Aj. Hpoo Pwint Dahlia Maung