Course Description
This course is for Master of Agribusiness (MAB) students who have minimal knowledge of accounting principles or have not taken any other accounting courses. Provides a general understanding of basic accounting principles and concepts to familiarize the students with the fundamental accounting procedures of recording, analyzing, summarizing, and reporting accounting data.
Athena Title
Agribusiness Accounting
Equivalent Courses
Not open to students with credit in ACCT 6000
Semester Course Offered
Offered fall
Grading System
A - F (Traditional)
Course Objectives
The course will cover concepts of accounting through a more detailed presentation and discussion of important elements of financial statements. Specifically, the course has been outlined to devote ample time for the discussion of the major components of the balance sheet, income and cash flow statements. These concepts include sales and income measures, inventories and other expenses, current and fixed assets, current and long-term liabilities, and stockholders’ equity. Class sessions have been planned to allocate enough time for the understanding of important concepts and principles as well as the application of such ideas in solving practical problems and cases. Typically, the first session of each week will be devoted to the introduction of the subject matter and discussion of relevant concepts. The subsequent class meeting will then be devoted to solving problems and analyzing cases to better grasp the concepts earlier introduced. The goal of this course is not to produce expert accountants, but to introduce students to the accounting framework and induce them to adopt a more analytical approach to business situations and problems that may involve accounting principles. In other words, the course will develop among students the intelligent use of accounting information to better understand and resolve various issues in business management and operations.
Topical Outline
Unit 1: Accounting, The Language of Business Measuring Income to Assess Performance Recording Transactions Accrual Accounting and Financial Statements Unit 2: Cash Flow Statements Accounting for Sales Inventories and Cost of Goods Sold Fixed Assets Unit 3: Liabilities and Interest Stockholder's Equity Financial Statement Analysis
Syllabus
Public CV