Principles of Financial Accounting

Financial Accounting is a crucial subject that converts all financial events in a business into figures that managers and other users can use to report, analyze, and make decisions that help them read a company’s financial position and forecast future results. This course covers accounting fundamentals, which includes the study of internal financial details that can influence decision-making. The course was created to be a perfect complement to those studying Accounting at a professional level. We’ll walk you through the theory and show you some examples. The flow of inventory costs will be discussed, as well as the tracking of raw material-related costs, which will flow to work in process and factory overhead, finished products, and finally expensed in the form of cost of goods sold in a process cost system. This course is designed to introduce students to current cost accounting theories and practices in order for them to be able to use accounting data in business planning and management. When reporting cost data, these concepts are critical in helping students develop their analytical and critical thinking skills. The goal is to develop students who are enthusiastic about accounting and capable of working in the business world as accountants. These topics will not only save your time, but will also provide you with a fruitful and productive learning experience through the use of audio-visual presentation techniques.