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ACCT 284: Financial Accounting

(3-0) Cr. 3. F.S.SS.


Introduction to the basic concepts and procedures of financial accounting from a user perspective. The course examines the accounting cycle, business terminology, basic control procedures, and the preparation and evaluation of financial reports, with an emphasis on financial statement analysis.

Accounting

http://catalog.iastate.edu/collegeofbusiness/accounting/

The curriculum in accounting is accredited by AACSB International, the Association to Advance Collegiate Schools of Business. The primary purpose of accounting is to provide useful information to both internal users (management) and external users such as investors, creditors, government, and the general public. Accounting is an integral part of the management of business and public organizations. Accountants, therefore, participate in planning, evaluating, controlling, and reporting the activities of the firm. Accounting information is needed by external users in order to make investment decisions, to grant or withhold credit, and in the case of government, to collect revenue and gather statistical information. In order to provide useful information, accountants collect, analyze, synthesize, and report data in an understandable manner. The major in accounting is designed to give students a conceptual foundation as well as to provide a wide range of basic skills and analytical tools for use in reporting for both public and private concerns. Students who complete the accounting major are well prepared to accept positions in industry, government, and the public accounting profession.

Actuarial Science

http://catalog.iastate.edu/collegeofbusiness/actuarialscience/

...require 9 prerequisite courses. These courses are: ACCT 284, ECON 101, FIN 301, MATH 165...

Admissions

http://catalog.iastate.edu/admissions/

...American Government (Pol S 215); Financial Accounting (Acct 284; engineering majors should consult with their...