This course introduces the fundamental concepts of financial accounting. The focus of this course will be on how accounting is used for recording economic events and for financial reporting, primarily to users, external to business organizations. The course will emphasize underlying concepts and principles, as well as cover accounting procedures in sufficient detail to enable students to record accounting transactions and prepare financial statements.
Due to Covid 19- the grade distribution has changed for this course. 20% Midterm-1, 20% Midterm-2, 20% online quizzes,10% Participation and 30% Final exam. Midterm-1 booklet has Midterm-1 chapters, Midterm-2 booklet has Midterm- 2 chapters, the final exam booklet has all the chapters. These booklets are updated every semester to help you prepare effectively for your quizzes and exams with our practice questions made by our Mcmaster Experts. This booklet is all you need to ace this course and gives you a significant advantage over people without it.