BUSI 2150U – Financial Accounting I

Financial accounting is concerned with producing information about an economic entity and communicating that information to people who are external to the entity that want or need the information for making decisions. This course is designed to provide an understanding of the accounting process and the choices that exist so that students can be informed and skilled users of accounting information. The course focuses on uses of accounting information for different decisions and from different stakeholder perspectives, and considers the economic and behavioural effects that accounting treatments have on users and preparers. There is an emphasis on interpreting, analyzing, and understanding information. Readings from current publications are used to integrate practical applications of the issues discussed in class. This course is not designed to develop accountants, but it is appropriate for accounting majors. Classroom techniques that develop students’ critical skills will be used.
Credit hours: 3
Lecture hours: 3
Tutorial hours: 1.5
Credit restriction(s): BUSI 1101U, BUSI 2120U, BUSI 1130U