Financial Accounting is the area of accounting that records a business’s transactions and reports them in financial statements — the balance sheet, the income statement and the statement of cash flows — prepared for owners, lenders and other outside readers.
What it covers
The catalog says of CA212, Introduction to Accounting: “This course provides an introduction to financial accounting.”
Topics include accounting concepts and principles, and preparation of financial statements.
The concepts and principles behind such statements are known in the United States as generally accepted accounting principles, or GAAP.
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.
The catalog lists no prerequisites for CA212 (“NONE”).
Financial accounting sits alongside financial ratios, business law and business communications in the Business Office Administration and Associate of Applied Science Degree — Business Administration programs.
This topic is covered in the Business Office Administration program at InterCoast Colleges.