ACC 501 Business Accounting And Finance
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This ACC 501 Business Accounting and Finance course aims to familiarize people working in the business environment with financial, management and financial accounting. Students will learn about generally accepted accounting principles that underlie the accounting process and the use and limitations of financial statements issued by commercial organizations. The accounting and financial problems faced by managers and some of the methods used by managers in making decisions will be resolved.
After completing this subject, students will have:
- Ability to discuss and apply the basic ideas of accounting that constitutes and limits the usefulness of accounting information.
- Be able to explain and analyze the nature and valuation of assets, capital, income, expenses and income.
- Ability to apply computer software for quantitative business decisions.
- Be able to apply and criticize the methods of analysis and interpretation used in accounting and finance.
- Be able to discuss and criticize the concepts underlying the decision-making process related to the efficient allocation of business resources.
- Knows how to explain and follow the procedures of financial analysis and management accounting.
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