This course expands upon the underlying framework and concepts of Principles of Accounting in the context of how accounting fits into the overall business environment of contemporary society. It aims to provide useful information to investors and lenders in determining company’s cash flows, assets, liabilities as well as owner’s equity and changes in them. Topics to be covered include basic concepts of financial accounting, current and long-term assets and liabilities, accounting for partnership and joint stock companies, cash flow analysis, and financial statement analysis.
