Financial Accounting or Introductory Accounting is among the first courses business school students encounter in their BBA, MBA or CPA programs. Understanding financial accounting is critical to understanding the performance of a company. Companies use annual reports to communicate their financial performance to all stake holders. Annual reports usually consist of:
- Balance sheet
- Income statement
- Statement of Cash flows
- Notes and supporting schedules
- Opinion of the independent certified public accountant
The foundations of the above financial statements are derived from financial accounting and management accounting principles. Accounting 101 provides you with private tutoring options to quickly gain an understanding of the principles and concepts used to prepare the financial statements of a company.
