(Old course number MBA 3115/New course number ACC 500) This course is designed to introduce you to the language of business. You would learn the conceptual foundation of financial accounting and financial reporting of business activities. This, in turn, would help you gain insight about accounting in terms of measuring, recording, reporting, and interpreting economic transactions. Topics include full and fair reporting model, accrual and cash based measurement of profitability, and financing, investing, and operating activities of businesses. This course emphasizes the importance of accounting for decision-making and provides insight as to why ethics are important for business and accounting. The featured project in this course is called "Financial Shenanigans," where students use real-life examples of a companies involved in financial shenanigans. Student learn and are to be able to understand and articulate what are financial shenanigans, why do they exist, types of companies more likely to indulge in shenanigans, and how such unethical behaviors can be detected and/or prevented.
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