PRINCIPLES OF FINANCIAL ACCOUNTING (ACCT 2301)

Term: 2023-2024 Fall

Faculty

Richard WalkerShow MyInfo popup for Richard Walker

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Richard W. Walker

Certified to teach Financial and Managerial Accounting and Micro- and Macroeconomics.

Education:

Defense Language Institute-Certificate of Fluency in Russian

B.S., Journalism-University of Maryland

M.A., Financial Economics, University of Texas at Arlington

Post-graduate study in Accounting, University of Texas at Dallas

 

Schedule

Mon-Wed, 9:30 AM - 10:50 AM (8/28/2023 - 12/16/2023) Location: COR COR01 262

Description

This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) and applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity to communicate the business entity's results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners' equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards
(IFRS). 48 lecture hours.

Upon successful completion, students will be able to: Use basic ac