Principles of Accounting
Textbook Exam Questions
Course Introduction
Principles of Accounting introduces students to the foundational concepts and practices of financial and managerial accounting. The course covers the accounting cycle, including the recording, classification, and summarization of financial transactions, and explores how financial statements such as the balance sheet, income statement, and cash flow statement are prepared and analyzed. Topics also include the regulatory environment, ethical issues, and the role of accounting information in business decision-making. Through practical examples and introductory problem-solving exercises, students gain the essential skills needed to interpret financial data and contribute to effective organizational management.
Recommended Textbook Fundamentals of Financial Accounting 6th Edition by Fred Phillips
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