BBA306: Financial Accounting

Credit Hours:
3
Estimated Hours Per Week:
12

Overview

This course explores the topic of using financial data to make business decisions and to evaluate performance in the fast-moving information age. Students will learn to use the balance sheet, the income statement, the statement of cash flows, and the statement of retained earnings as tools for evaluation and analysis. Students will investigate a wide range of related topics including:

  • Accruals and deferrals
  • Cash, receivables, and payables
  • Long-term operational assets and long-term debt
  • Equity transactions

Students in this course will participate in Forum discussions and solve realistic accounting problems. To complete assignments in this course, students must have access to Microsoft Excel® or equivalent spreadsheet software.

Learning Outcomes

Upon successful completion of this course, students will be able to:

  • Explain how business events affect financial statements over multiple accounting cycles.
  • Identify business events that involve accruals and deferrals.
  • Analyze and record transactions using the general journal format.
  • Describe the matching concept, the accounting cycle, and the closing process.
  • Prepare financial statements that include cash, accrual, and deferral events.
  • Analyze financial statements to assess managerial performance.
ENROLLMENT
To enroll in this course, please complete the online application.

Special Requirements

Microsoft Excel®  or compatible spreadsheet software is required to complete assignments in this course.

Prerequisites

Ability to calculate Net Present Value as taught in BBA 305 Economics.

Required Texts
BBA306 texts are available from the JIU/MBS bookstore