The Role of Accounting in Business Education
"Accounting is the language of business and an integral aspect of all business activities. Mastery of fundamental accounting concepts, skills, and competencies is essential to making informed business decisions. Regardless of students' chosen course of study or career path, accounting prepares them to be educated business professionals and informed consumers.
The accounting standards reflect the importance of being able to understand, interpret, and use accounting information to make financial decisions. In particular, the standards focus on the ability to
The accounting standards also focus on the skills and competencies students need to acquire and develop as they further their education, prepare to enter the workforce, and pursue their chosen career path. These skills include
The accounting standards reflect the importance of being able to understand, interpret, and use accounting information to make financial decisions. In particular, the standards focus on the ability to
- read, interpret, and analyze financial information;
- apply generally accepted accounting principles;
- understand ow the accounting system provides business information;
- recognize the various users of accounting information; and
- understand the dynamic nature of the business environment in which accounting information is used.
The accounting standards also focus on the skills and competencies students need to acquire and develop as they further their education, prepare to enter the workforce, and pursue their chosen career path. These skills include
- strategic and critical thinking;
- risk analysis;
- problem solving and decision making;
- communication
- team work and leadership;
- the ability to employ and use technology; and
- an awareness of the legal and regulatory environment, with an emphasis on ethical responsibility.
Accounting I is the introductory core course in the Accounting Pathway and is designed to develop fundamental accounting skills for all students. Through classroom instruction, completion of assigned problems and simulated activities, students will utilize accounting tools, strategies and systems to maintain monitor, control and plan the use of financial resources. Upon completion of this course students will:
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Accounting II builds on the concepts learned in Accounting I. More advanced corporate accounting skills are developed through classroom assignments and simulated activities. Students complete transactions and prepare financial statements for departmentalized corporations. Upon completion of this course students will:
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