act201.pdf - University of Massachusetts Lowell Manning...

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University of Massachusetts Lowell Manning School of Business Department of Accounting Accounting/Financial Prof. Karen Jingrong Lin ACCT.2010.062, Spring 2018 Chat times: Thur 7:00-8:00 PM Classes: Online Email: Use Blackboard email For urgent matters please email: [email protected] Catalog Description: Financial Accounting presents a comprehensive exposure to basic financial accounting systems. Students are introduced to the accounting cycle, financial statements, assets, liabilities, stockholders’ equity, and financial statement analysis. 3 credits. Place in BSBA Curriculum: Financial Accounting is required of all second-year students in the Manning School of Business. There are no prerequisites for the course. Requirement for Graduation: The minimum grade point average required for graduation is 2.20 for all Manning School of Business courses and an overall grade point average of 2.00 for all UMass Lowell courses. Course Overview: Financial Accounting is an introduction to accounting systems and the financial reports resulting from them. This course examines (1) the process of accounting, (2) financial statements, (3) specific resources used by companies, including cash, accounts receivable, merchandise inventory, property, plant, and equipment, and (4) specific sources of resources including current liabilities, long-term liabilities, and contributed capital. Throughout the course, emphasis is placed on business operations as opposed to the mechanical accounting for business transactions. Course Objectives: The primary objective of this course is to help you become a better-educated business person. Specifically, the course presents a framework for understanding financial effects of business events. examines numerous business events common to service and merchandising companies. explores modern accounting systems, including computer-based systems.
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