Financial Accounting is the practice of recording a business’s transactions and reporting them in financial statements. At InterCoast Colleges it is introduced through accounting concepts and principles and the preparation of those statements.
What it covers
The catalog states: “This course provides an introduction to financial accounting.”
Topics include accounting concepts and principles, and preparation of financial statements.
Financial accounting is the branch of accounting directed at external readers such as owners and lenders, in contrast to managerial accounting, which serves internal decision-making.
Which program covers it
In InterCoast Colleges’ Associate of Applied Science Degree — Business Administration program and Business Office Administration program, financial accounting is covered in the course CA212, Introduction to Accounting.
The Associate of Applied Science Degree — Business Administration and Business Office Administration outlines list CA212 Introduction to Accounting at 90 clock hours (60 lecture, 30 laboratory) and 5 semester credits.
Prerequisites for CA212: none.
Related business topics include business law, financial ratios and computer applications; the programs are Business Office Administration and Associate of Applied Science Degree — Business Administration.
This topic is covered in the Business Office Administration program at InterCoast Colleges.