Financial Accounting
Gain foundational knowledge in the language of business by analyzing transactions and applying basic accounting principles. Students will learn how to use QuickBooks software for day-to-day record keeping and learn how to create and read financial statements for decision-making purposes. Students will also discuss federal income taxation for small businesses. This course also explores the importance of external stakeholder communication in accounting.
Core Topics
- Accounting Overview
- Introduction to Financial Statements
- Analyzing and Recording Transactions
- The Adjustment Process
- QuickBooks
- Federal Income Taxation of Sole Proprietorships
- Merchandising Transactions
- Inventory
- Long-Term Assets
- Statement of Cash Flows
Learning Outcomes and Career Relevance
- Develop a foundational understanding of accounting principles and concepts, framing accounting as “the language of business” and understand its importance in measuring and communicating business performance.
- Describe and interpret basic financial statements, including the income statement, the balance sheet, and the statement of cash flows.
- Create financial reports using accounting software (e.g., QuickBooks) software to create.
- Understand the basic principles of federal income taxation with respect to sole proprietorship.

