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.

Course Learning Objectives

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

  • Discuss a variety of ethical cases regarding financial accounting issues.
  • Prepare an income statement, a retained earnings statement and a balance sheet.
  • Journal, post transactions and prepare a trial balance.
  • Complete all steps in the accounting cycle.
  • Compute ending inventory, prepare income statements, and answer questions using FIFO and LIFO.
  • Compute bad debt amounts.
  • Compute depreciation under different methods.
  • Journal, post transactions and prepare stockholders' equity section.
  • Prepare statements of cash flows using the direct and indirect method.
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/Follett Bookstore