MGMT 1101

An introduction to the principles and practices used by accountants in processing and communicating data, both within and outside the organization. Emphasis is on financial accounting and reporting used in the measurement and reporting of an organization's operating, financing and investing activities to external users. Students will develop an understanding of basic financial accounting methodologies, and develop the analytical and procedural skills related thereto; as well as understand the information content of conventional financial statements, and the inherent limitations of accounting data. The organizational context includes business and not-for-profit settings. The coverage included an examination of the accounting process, basic issues in financial reporting, and the financial statement disclosure requirements.