2011-2012 Walden University Catalog (June 2012) 
    
    Aug 14, 2022  
2011-2012 Walden University Catalog (June 2012) [ARCHIVED CATALOG]

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ACCT 1003 - Introduction to Accounting I


(5 cr.) An introduction to accounting, this course takes a top-down approach to understanding introductory accounting documents and procedures by exploring a business’ financial statements including the balance sheet, income statement and cash flow statement. The properties and characteristics of each of these statements is presented and students completing this course are expected to understand what information can be gleaned from these statements both separately and taken as a whole. The course also discusses regulations that need to be followed when preparing the financial statements as promulgated by Generally Accepted Accounting Procedures (GAAP). In addition, the course presents changes to GAAP that will take place when the U.S. adopts International Financial Reporting Standards. (Prerequisite(s): BUSI 1002 and MATH 1030 or 1040.)



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