Having a solid understanding of financial accounting principles is essential for making critical business decisions. In this course we cover three main areas of accounting: the balance sheet, the income statement, and the cash flow. Each of these three section collectively make up what is commonly referred to as a companies financial statement. The course covers important accounting principles, such as how to record transactions using journal entries; how to post transactions to accounts; and how to prepare a trial balance, balance sheet, income statement, and cash flow statement. Other topics covered include analyzing financial statements, and forecasting and valuation. Students emerge better prepared for college-level accounting with a deeper understanding of the financial accounting methodology and its application in a number of business scenarios. You will complete short, weekly multiple choice quizzes and also participate in a weekly group discussion.