course code

BUSA215

credits

3.0

course level

Undergraduate

Uses the conceptual framework of accounting to introduce basic accounting processes and principles and the preparation of financial statements. BUSA215 is the first part of a two-part course suite that demonstrates the methods of recording, summarizing, and analyzing an economic entity's financial transactions and explores the different ways of effectively communicating financial information to both internal users, such as management, and external users, such as investors and creditors. The key areas covered in BUSA215 are the purpose and use of financial statements, the accounting information system, accrual accounting, merchandising operations, and inventory valuation.