Intro Psutka F11_1

Intro Psutka F11_1 - AFM 101 Introduction to Financial...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
AFM 101: Introduction to Financial Accounting Donna Psutka
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Introductory Financial Accounting 2 External Users Useful information to make economic decisions Source of photo: www.icao.on.ca Source of photo: www.barrickgold..com
Image of page 2
Financial Accounting answers several key questions to help investors and creditors assess the prospects for future cash inflows What are the economic resources of the entity and what are the claims against those resources? What were the changes in the economic resources, obligations and equity? What is the financial performance of the entity? What are their sources and uses of cash? 3
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Learning Outcomes Define and apply the principles of the financial reporting framework Recognize the role of professional judgement in financial statement preparation Analyze financial statements to make business decisions – primarily from a creditor or investor perspective 4
Image of page 4
Learning Outcomes Record basic business transactions Recognize the value of the School of Accounting and Finance “3 P’s” – prepare, participate and practice 5
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern