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FIN 220

Introduction to Financial Accounting

The preparation, communication and use of economic information for decision- making, with a focus on external users (e.g., investors, creditors). Topics included are an examination of economic events within a business, terminology and the underlying conceptual and framework of accounting, generally accepted accounting principles and the critical importance of ethical standards, and financial statements. Balance sheet coverage includes resources owned, and obligations owed by a company; the income statement provides insight into the performance of a company; the statement of cash flows identifies sources and uses of a company's cash flows; and financial statement analysis uses this information for a variety of decisions. Both the benefits of using financial accounting information, and its limitations, will be discussed. Prerequisite: ECON 100.

Distribution Area Prerequisites Credits
ECON 100 1 course

ECON 220

Introduction to Financial Accounting

The preparation, communication and use of economic information for decision-making, with a focus on external users (e.g., investors, creditors). Topics included are an examination of economic events within a business; terminology, the underlying conceptual framework, and generally accepted accounting principles; and financial statements. Balance sheet coverage includes resources owned, and obligations owed, by a company; the income statement provides insight into the performance of a company; the statement of cash flows identifies sources and uses of a company's cash flows; and financial statement analysis uses this information for a variety of decisions. Both the benefits from using financial accounting information, and its limitations, will be discussed. Prerequisite: ECON 100.

Distribution Area Prerequisites Credits
ECON 100 1 course

Fall Semester information

Michael Kwag

220A: Introduction to Financial Accounting


Michael Kwag

220B: Introduction to Financial Accounting


Spring Semester information

Michael Kwag

220A: Introduction to Financial Accounting


Michael Kwag

220B: Introduction to Financial Accounting